1/24 Palmerston Avenue, Prospect, TAS 7250 sold on 22 July 2025 | OnTheHouse
SOLD
Sold on 22 Jul 2025 for $550,000

1/24 Palmerston Avenue
Prospect TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 93m2
Land area: 319m2
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Property Details for 1/24 Palmerston Ave, Prospect

1/24 Palmerston Ave, Prospect is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2012. The property has a land size of 319m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in July 2025. There are other 2 bedroom Unit sold in Prospect in the last 12 months.

Building Type
Unit
Year Built
2012
Floor Size
93m2
Land Size
319m2
Local Government
Launceston
Lot/Plan
1/163800

Last Listing description (October 2025)

Positioned at the front of a quiet and well maintained setting, this low maintenance unit presents an exceptional opportunity in a sought after location. Whether you're a first home buyer eager to enter the market, an investor seeking a reliable addition to your portfolio or someone looking to downsize without compromising on comfort or convenience, this home ticks all the right boxes.Immaculately presented and neat as a pin, the home offers two well proportioned bedrooms, each with built in robes, ensuring ample storage and comfort. The central bathroom is smartly laid out with a single vanity, separate shower, bath and a separate toilet, ideal for both residents and guests.The heart of the home is the light filled kitchen, which provides generous bench space, plenty of storage and quality appliances including; a gas cooktop, oven, rangehood and dishwasher. Overlooking the open plan lounge and dining area, the layout is perfect for everyday living and entertaining. A thoughtful study nook is tucked away, offering a practical space to work or study from home.Sliding doors lead directly from the living area to a private, fully fenced courtyard, an inviting outdoor space perfect for summer barbecues, morning coffee or simply relaxing in the sunshine.Inside, year round comfort is assured with a reverse cycle air conditioner and gas heating. The convenience continues with a secure single garage offering internal access, making daily life that little bit easier.Enjoy a lifestyle of ease and accessibility, with everything you need just minutes from your door. Located close to highly regarded primary and high schools, Prospect Marketplace and the Old Tudor Complex, your shopping and dining needs are well catered for. Medical services are nearby and the Country Club Casino is just a short drive away for leisure and entertainment. Best of all, Launceston's vibrant CBD is only a 10 minute commute, making this home a standout choice.With its low maintenance design, quality finishes and unbeatable location, this home presents a smart opportunity for buyers seeking comfort, practicality and long term value.

Property History for 1/24 Palmerston Ave, Prospect, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$550,000
22 Jul 2025
Listed for Rent
$470/w
04 Jul 2025
  • 22 Jul 2025
    Sold for $550,000
  • 16 Jul 2025
    Listed for Sale $500K - $550K
  • 03 Jul 2025
    Listed for Rent $470 / week
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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 2016 was 1722 people. By 2021 the population was 1908 showing a population growth of 10.8% 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 2021, 65.10% of the homes in Prospect were owner-occupied compared with 63.70% in 2016.

Prospect has 1,002 properties. Over the last 5 years, Houses in Prospect have seen a 66.57% increase in median value, while Units have seen a 59.83% increase. As at 30 November 2025:

  • The median value for Houses in Prospect is $625,266 while the median value for Units is $454,747.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 1 property listed for sale, and no properties listed for rent in Prospect on OnTheHouse. According to Cotality's data, 43 properties were sold in the past 12 months in Prospect.

Suburb Insights for Prospect 7250

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.