1/10 Kate Reed Drive, Prospect Vale, TAS 7250 sold on 19 May 2025 | OnTheHouse
 
SOLD
Sold on 19 May 2025 for $520,000

1/10 Kate Reed Drive
Prospect Vale TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 79m2
Land area: 330m2
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Property Details for 1/10 Kate Reed Dr, Prospect Vale

1/10 Kate Reed Dr, Prospect Vale is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2018. The property has a land size of 330m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 2 bedroom Unit sold in Prospect Vale in the last 12 months.

Building Type
Unit
Year Built
2018
Floor Size
79m2
Land Size
330m2
Local Government
Meander Valley
Lot/Plan
1/176875

Last Listing description (April 2019)

Located in the popular suburb of Prospect Vale and these freshly completed 2 bedroom townhouses. These quality designed and built homes feature 2 bedrooms with built in robes and a central tiled bathroom.
The main living area is open and light and positioned purposefully to take full advantage of the sun. The kitchen is also combined into this area and features great cabinetry and space.
There is sliding door access from the living area to the timber outdoor entertaining area and fully enclosed yard.

Unit 1 has a euro laundry in hallway while Unit 2 has a laundry in the garage with additional storage. Each unit features a single garage plus separate single carport.
These properties would suit first home buyers who qualify for the first home owner/builder grant which is currently at $20,000, so a great opportunity to buy now. They would also suit the astute investor for a low maintenance investment option.
Walking distance to Prospect High School, Prospect Vale market place and all other amenities are close by.
- 2 bedroom, 1 bathroom brand new townhouses;
- Quality cabinetry and fixtures;
- Outdoor deck plus fully enclosed yards;
- Open plan living;
- Garage plus carport.

Unit 1- Best Offers Over $319,000
Unit 2- Best Offers Over $325,000
Built: 2018
House Size: U1- 116m2 & U2- 119m2
Rental Estimate- $360-$390per week

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Property History for 1/10 Kate Reed Dr, Prospect Vale, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$520,000
19 May 2025
  • 19 May 2025
    Sold for $520,000
  • 22 Jan 2019
    Sold for $325,000
  • 06 Dec 2018
    Listed for Sale Not Disclosed
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About Prospect Vale 7250

The size of Prospect Vale is approximately 10.0 square kilometres. It has 16 parks covering nearly 10.6% of total area. The population of Prospect Vale in 2016 was 5067 people. By 2021 the population was 5433 showing a population growth of 7.2% in the area during that time. The predominant age group in Prospect Vale is 50-59 years. Households in Prospect Vale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Prospect Vale work in a professional occupation.In 2021, 72.00% of the homes in Prospect Vale were owner-occupied compared with 70.90% in 2016.

Prospect Vale has 2,951 properties. Over the last 5 years, Houses in Prospect Vale have seen a 58.03% increase in median value, while Units have seen a 51.57% increase. As at 31 October 2025:

  • The median value for Houses in Prospect Vale is $695,550 while the median value for Units is $445,248.
  • Houses have a median rent of $500 while Units have a median rent of $440.
There are currently 14 properties listed for sale, and 2 properties listed for rent in Prospect vale on OnTheHouse. According to Cotality's data, 115 properties were sold in the past 12 months in Prospect vale.

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