33 Prospect StreetProspect TAS 7250
Property Details for 33 Prospect St, Prospect
33 Prospect St, Prospect is a 4 bedroom, 2 bathroom House with 3 parking spaces. The property has a land size of 1001m2 and floor size of 179m2. While the property is not currently for sale or for rent, it was last sold in August 2025. There are other 4 bedroom House sold in Prospect in the last 12 months.
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 precinct-complete with supermarkets, dining, and everyday essentials-plus close to schools, public transport and services. All of this, just nine minutes from the heart of Launceston's CBD.
A rare find in a high-demand pocket. Bring your plans, bring your builder, this one won't last.
Built: 1958
Land Size: 1001m2
Building Size: 179m2
Rental Appraisal Unit $260/w approx
Rental Appraisal House: $460/w approx
Council Rates: Approx. $1500 per year
Water Rates: Approx. $1400 per year
Zoning: General Residential
**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 33 Prospect St, Prospect, TAS 7250
Recent sales nearby
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0About 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 62.76% increase in median value, while Units have seen a 62.04% increase. As at 31 December 2025:
- The median value for Houses in Prospect is $636,053 while the median value for Units is $458,769.
- Houses have a median rent of $505 while Units have a median rent of $450.
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