OFF MARKET

32/12 Casino Rise
Prospect Vale TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 91m2
Land area: 184m2
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Property Details for 32/12 Casino Rise, Prospect Vale

32/12 Casino Rise, Prospect Vale is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 184m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
1989
Floor Size
91m2
Land Size
184m2
Local Government
Meander Valley
Lot/Plan
32/57099

Last Listing description (June 2015)

Situated at the rear of the Launceston Retirement Village just a stone's throw from an 18 hole golf course,and within walking distance of Bolters Bar & Grill and Country Club Tasmania, is this warm & spacious 2 br, double-brick, ground-floor unit with security screen doors and a fully fenced back garden.
Please note that this unit is not part of the Retirement Village and so has no age or title restrictions for purchasers. Small animals are also allowed as pets, with the permission of the Property Manager.
INVESTORS: Currently 10 of the 12 units are tenanted while the other 2 are owner-occupied. They are rarely vacant for more than a week at a time and attract good, long-term tenants.

The weekly rental estimate for this unit is $220 p.w.
It is one of 12 that are not part of the Retirement Village, so Body Corp fees are very reasonable at just $55 a month.
Meander Valley Council Rates are also very reasonable at approx $450 p.a.
If you are considering purchasing this as an investment, the current owner would love to stay on as your first tenant for at least 6 months while building nearby.
OWNER-OCCUPIER: This is a very solid double-brick, comfortable, ground floor unit, with many long-term tenants for neighbours and one other owner-occupier. It is very handy to the Prospect Vale Marketplace, Country Club Tasmania, Bolters Bar & Grill, and there is a bus stop at the end of the driveway.
At the rear of the unit is a fully-fenced back yard on three levels which just needs your green thumb and creative touch to finish it off.
FEATURES
The unit is heated by a Panasonic Inverter Heat Pump which is very efficient and warms the home quickly.
The living / dining room is 30 sqm and is large enough to currently hold two couches, two bookcases, a dining suite, as well as a large desk.
In this room are two large windows; one on the east wall for morning sun and the other on the north wall which looks into the rear garden and allows the winter sun to penetrate deeply, warming up the unit beautifully. There is also a door next to the north window which gives access to your private back garden.
The main bedroom is 3.5 x 3.5 metres, has BI robes and is large enough for a QS bed as well as bedroom furniture like dressers. The large window looks north into the private back yard and warms up the room during the day.
The 2nd bedroom is 3 x 3 metres, also has BI robes and is large enough for a double bed or two singles.
The blackwood kitchen is tiled and has a large pantry, fridge recess, a stainless steel sink, a wall oven and electric stove top.
It connects to the laundry which has a spacious storage cupboard and which opens to the front yard & car parking area.
The central bathroom has a modern shower, a bath and vanity, and next to it is a separate WC.
The unit does need some cosmetic work (paint, etc.) and a green thumb would be handy, however nothing needs immediate attention and it can be lived in very comfortably as is.
Inspections can be arranged at mutually convenient times out of work hours.

Property History for 32/12 Casino Rise, Prospect Vale, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$250,000
19 Apr 2021
  • 19 Apr 2021
    Sold for $250,000
  • 27 May 2015
    Listed for Sale $159,000
  • 28 Aug 2004
    Sold for $115,000
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About Prospect Vale 7250

The size of Prospect Vale is approximately 10 square kilometres. It has 16 parks covering nearly 10.6% of total area. The population of Prospect Vale in 2011 was 5,020 people. By 2016 the population was 5,067 showing a population growth of 0.9% in the area during that time. The predominant age group in Prospect Vale is 50-59 years. Households in Prospect Vale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Prospect Vale work in a clerical occupation. In 2011, 72.9% of the homes in Prospect Vale were owner-occupied compared with 70.9% in 2016.

Prospect Vale has 2,909 properties. Over the last 5 years, Houses in Prospect Vale have seen a 60.26% increase in median value, while Units have seen a 46.07% increase. As at 31 October 2024:

  • The median value for Houses in Prospect Vale is $636,755 while the median value for Units is $401,654.
  • Houses have a median rent of $500 while Units have a median rent of $420.
There are currently 17 properties listed for sale, and 2 properties listed for rent in Prospect vale on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Prospect vale.

Suburb Insights for Prospect Vale 7250

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.