8 Ralph St, Prospect is a 3 bedroom, 2 bathroom House with 4 parking spaces and was built in 1977. The property has a land size of 669m2 and floor size of 190m2. While the property is not currently for sale or for rent, it was last sold in November 2014.
This is a home that will have the buyer thinking "how can I best utilise this". The opportunity is here for two separate living zones, whether it be two families or perhaps grandparents quarters that will allow privacy and freedom. Upstairs we have a most comfortable three bedroom home highlighted by a new bathroom, natural gas heating, the best of Tasmanian Oak polished flooring and capturing the best of Launceston's sun.
However its the trip downstairs that will create the interest.. You will be greeted by another living zone, including an enormous lounge and dining area and a brand new kitchen and bathroom crying out for use. An inspection will show the opportunity to create a minimum of two bedrooms without too much fuss, providing independent and private living.
Outside we have a massive 7m x 7m undercover entertaining area, for the young and the young at heart which once again offers privacy. Immaculate presentation inside and crafted gardens outside round out this one which will attract a variety of buyers and investors.
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 64.48% increase in median value, while Units have seen a 67.48% increase. As at 28 February 2026:
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