Property Details for 33 Prospect St, Prospect
33 Prospect St, Prospect is a 4 bedroom, 2 bathroom House with 3 parking spaces. While the property is not currently for sale or for rent, it was last sold in August 2025.
Last Listing description (August 2025)
North-facing, sun-drenched, and capturing a sweeping 180-degree view over Launceston, this tightly held property presents a rare and exciting opportunity. Set on just over 1,000m² of usable land with dual access from both the front and rear, it's ready for a bold vision-whether that's a multi-unit development, renovation for profit, or both (STCA).
With potential to build a second dwelling at the front, remove the existing structures and create a three-townhouse project, or simply update the original home, the scope here is wide open. Investors and developers will immediately see the upside, while first-home buyers could secure a foothold with future growth built in.
The existing residence includes a self-contained flat at the front, offering genuine dual-income potential. This is one of those properties with stories-owned by the same family since their arrival from Europe in the 1950s, it's largely original and ready for its next chapter.
Located within walking distance of the Olde Tudor shopping pre
Property History for 33 Prospect St, Prospect, TAS 7250
- 18 Aug 2025Sold - Price Undisclosed
- 22 May 2025Listed for Sale Best Offer Over $495,000
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About Prospect 7250
The size of Prospect is approximately 6.6 square kilometres. There are 9 parks, covering nearly 19.4% of the 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 1,004 properties. Over the last 5 years, Houses in Prospect have seen a 50.77% increase in median value, while Units have seen a 58.50% increase. As at 30 September 2026:
- The median value for Houses in Prospect is $721,534 while the median value for Units is $555,548.
- Houses have a median rent of $570 while Units have a median rent of $520.
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