159 Meander Valley Road, Prospect Vale, TAS 7250 | Property Value & History | OnTheHouse
 
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159 Meander Valley Road
Prospect Vale TAS 7250

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Bathrooms: -
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Land area: 375040m2
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Property Details for 159 Meander Valley Rd, Prospect Vale

Building Type
Rural
Land Size
375040m2
Local Government
Meander Valley
Lot/Plan
2/155711

Last Listing description (May 2014)

5.31 ACRES - UNIQUE PROPERTY OFFERS NUMEROUS OPTIONS.
GREAT LOCATION ONLY 3 MINUTES DRIVE TO A SHOPPING CENTRE WITH ALL RETAIL FACILITIES & MORE.VERY CLOSE TO THE COUNTRY CLUB CASINO ENTERTAINMENT CENTRE, GOLF COURSE & ACCOMMODATION.6 MINUTES TO LAUNCESTON CBD VIA FREEWAY.86 METRES MAJOR ROAD FRONTAGE & EASY ACCESS TO BASS HIGHWAY.TOWN WATER CONNECTED TO THE BLOCK.ELECTRIC POWER AVAILABLE AT BLOCK FRONTAGETELEPHONE LINE AVAILABLE AT ADJOINING PROPERTY.ELEVATION WITH ELEGANT WIDE VIEWS.DRIVE WAY WITH ROAD CROSSING WILL BE BUILT.MIX OF LAND USE WHERE HOUSE & COMMERCIAL ACTIVITY CAN CO-EXIST.COMMERCIAL ACTIVITIES SUCH AS: MECHANICAL REPAIRS; TRANSPORT DEPORT & RETAILING ON LARGE LOTS.

Property History for 159 Meander Valley Rd, Prospect Vale, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$685,000
05 Oct 2024
  • 05 Oct 2024
    Sold for $685,000
  • 24 Aug 2014
    Sold for $370,000
  • 11 May 2014
    Sold for $430,000
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About Prospect Vale 7250

The size of Prospect Vale is approximately 10.0 square kilometres. There are 16 parks, covering nearly 10.6% of the 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 2,992 properties. Over the last 5 years, Houses in Prospect Vale have seen a 58.18% increase in median value, while Units have seen a 63.64% increase. As at 30 April 2026:

  • The median value for Houses in Prospect Vale is $783,861 while the median value for Units is $534,619.
  • Houses have a median rent of $590 while Units have a median rent of $450.
There are currently 15 properties listed for sale, and 2 properties listed for rent in Prospect vale on OnTheHouse. According to Cotality's data, 123 properties were sold in the past 12 months in Prospect vale.

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