OFF MARKET

216-218 Westbury Road
Prospect TAS 7250

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 830m2
Land area: 2028m2
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Property Details for 216-218 Westbury Rd, Prospect

Building Type
Commercial
Floor Size
830m2
Land Size
2028m2
Local Government
Launceston
Lot/Plan
5/21084

Last Listing description (May 2013)

High Profile Location, Long Standing Service Station Site
Fronting one of Launcestons main arterial roads the property is situated in a mixed use area of Prospect with good access. Comprising a now vacated single level Service Station with retail sales area, 5 bay vehicle repair workshop, retail shop(s) and factory facilities with roller door access and a car wash bay. Leased on short term leases for redevelopment and is ideal for further improvement or redevelopment (STCA).

Property History for 216-218 Westbury Rd, Prospect, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$700,000
02 Aug 2013
  • 02 Aug 2013
    Sold for $700,000
  • 03 Aug 2011
    Listed for Sale $900,000 PLUS ANY APPLICABLE GST

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About Prospect 7250

The size of Prospect is approximately 6.6 square kilometres. It has 9 parks covering nearly 19.4% of total area. The population of Prospect in 2011 was 1,438 people. By 2016 the population was 1,710 showing a population growth of 18.9% in the area during that time. The predominant age group in Prospect is 20-29 years. Households in Prospect are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Prospect work in a professional occupation. In 2011, 66.7% of the homes in Prospect were owner-occupied compared with 63.7% in 2016.

Prospect has 1,007 properties. Over the last 5 years, Houses in Prospect have seen a 71.68% increase in median value, while Units have seen a 45.97% increase. As at 31 October 2024:

  • The median value for Houses in Prospect is $564,311 while the median value for Units is $408,957.
  • Houses have a median rent of $495 while Units have a median rent of $393.
There are currently 8 properties listed for sale, and 3 properties listed for rent in Prospect on OnTheHouse. According to CoreLogic's data, 41 properties were sold in the past 12 months in Prospect.

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