2/98 Stanley Street, Prospect, TAS 7250 | Property Value & History | OnTheHouse
FOR SALE

2/98 Stanley Street
Prospect TAS 7250

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 110m2
Land area: 298m2
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Property Details for 2/98 Stanley St, Prospect

2/98 Stanley St, Prospect is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2016. The property has a land size of 298m2 and floor size of 110m2.This Property is currently listed for sale with The Agency Tasmania

Building Type
Unit
Year Built
2016
Floor Size
110m2
Land Size
298m2
Local Government
Launceston
Lot/Plan
2/172020

Last Listing description (March 2026)

Positioned in the ever-popular suburb of Prospect, this immaculate two-bedroom, two-bathroom unit presents the perfect low-maintenance investment opportunity.

Currently leased on a secure 12-month agreement with quality tenants in place, this property offers immediate returns and peace of mind from day one.

Inside, the home is beautifully maintained and thoughtfully designed. Two generous bedrooms provide excellent accommodation, with the master featuring its own private ensuite and walk in robe. The second bathroom services guests or the second bedroom with ease, making the layout practical and appealing for professionals, downsizers, or shared living.

A private court yard could be set up as a perfect entertainment area and a low maintenance back yard that brings in afternoon sunlight.

The living area is light-filled and welcoming, flowing seamlessly into a well-appointed kitchen designed for everyday convenience.

Location is a standout. You're just moments from the Summerdale Medical Centre, the Prospect Marketplace shopping precinct, local schools, and only minutes to Launceston's CBD. It's easy to see why Prospect remains one of the most tightly held and desirable suburbs in the area.

Whether you're expanding your portfolio or securing your first investment, this is a smart, set-and-forget opportunity in a blue-chip location.

Low maintenance. Strong location. Quality tenants.

Property History for 2/98 Stanley St, Prospect, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$420,000
12 Mar 2021
Listed for Rent
$430/w
28 Jan 2022
  • 19 Feb 2026
    Listed for Sale Offers Over $570,000
  • 13 Jan 2022
    Listed for Rent $430 / week
  • 18 May 2021
    Listed for Rent $390 / 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 1,003 properties. Over the last 5 years, Houses in Prospect have seen a 64.48% increase in median value, while Units have seen a 67.48% increase. As at 28 February 2026:

  • The median value for Houses in Prospect is $662,558 while the median value for Units is $505,104.
  • Houses have a median rent of $523 while Units have a median rent of $470.
There are currently 3 properties listed for sale, and 1 property listed for rent in Prospect on OnTheHouse. According to Cotality's data, 39 properties were sold in the past 12 months in Prospect.

Suburb Insights for Prospect 7250

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Cotality Copyright and Legal Disclaimers about Property Data
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.