SOLD
RECENT ADVICE
Sold on 28 Nov 2024 for $970,000

85 Chris Street
Prospect Vale TAS 7250

Bedrooms: 4
Bathrooms: 4
Car spaces: 4
Floor area: 196m2
Land area: 948m2
Save

Property Details for 85 Chris St, Prospect Vale

85 Chris St, Prospect Vale is a 4 bedroom, 4 bathroom BlockOfUnits with 4 parking spaces. The property has a land size of 948m2 and floor size of 196m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 4 bedroom BlockOfUnits sold in Prospect Vale in the last 12 months.

Building Type
BlockOfUnits
Floor Size
196m2
Land Size
948m2

Last Listing description (November 2024)

This exceptional four-unit Prospect Vale property, set on a generous 948m² block, is perfect for investors seeking a high-performing asset or a flexible multi-generational living arrangement.

Each Unit Features:
• 1 spacious bedroom

• 1 practical bathroom/combined laundry
• Open-plan kitchen, Living and Dining area
• A single carport for each unit, ensuring convenience for tenants
• Rear fenced courtyard areas

With all units on the same title, this hassle-free investment offers the added benefit of no body corporate fees, making it a smooth and stress-free addition to your portfolio. The property is fully leased to excellent tenants, providing a strong return of over 6%, making it a fantastic income-generating opportunity.

Brick built, in fantastic condition both inside and out with no outstanding maintenance inside or out that we are aware of. Little to no on-going upkeep for years to come makes this a set and forget investment.

Located in a thriving suburb close to parks, shopping, dining, and top schools, the units are easy to find tenants for and have a very low vacancy rate if at all. Whether you're looking to rent all units or occupy one while leasing the others, this versatile property provides options.

Act fast to secure this rock-solid investment! Private inspection is available to qualified buyers. As the units are tenanted, a minimum 2 working days notice is required prior to inspection. Please contact David and his team today to schedule a viewing. Don't miss out on this fantastic opportunity to grow your portfolio in a high-demand area!

Rental Estimate: Up To $310 per unit p/w. Combined Rental Estimate of $1240 p/w for entire property
House size: 196m2
Land size: 948m2
Built: 1994
Rates: $3,770.47 p.a
Council Zoning: Residential
Council: Meander Valley
Heritage listed: No

**Harcourts Launceston has no reason to doubt the accuracy of the information in this document which has been sourced from means which are considered reliable, however we cannot guarantee accuracy. Prospective purchasers are advised to carry out their own investigations. All measurements are approximate**

Property History for 85 Chris St, Prospect Vale, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$970,000
28 Nov 2024
  • 28 Nov 2024
    Sold for $970,000
  • 09 Sep 2024
    Listed for Sale Best Offer Over $949,000
  • 16 Nov 2009
    Sold for $520,000
Sign in to see more transactions

Commute Calculator

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 2,914 properties. Over the last 5 years, Houses in Prospect Vale have seen a 59.90% increase in median value, while Units have seen a 43.82% increase. As at 30 November 2024:

  • The median value for Houses in Prospect Vale is $641,831 while the median value for Units is $403,898.
  • Houses have a median rent of $500 while Units have a median rent of $420.
There are currently 15 properties listed for sale, and no properties listed for rent in Prospect vale on OnTheHouse. According to CoreLogic's data, 111 properties were sold in the past 12 months in Prospect vale.

Suburb Insights for Prospect Vale 7250

Market Insights
Prospect Vale Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Prospect Vale Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Contact agent
David Hernyk
Show contact details
Claire Coleman
Show contact details
Harcourts Launceston
Preferred contact:
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.