2/42 Richard Street, Prospect Vale, TAS 7250 sold on 18 February 2026 | OnTheHouse
SOLD
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Sold on 18 Feb 2026 for $423,600

2/42 Richard Street
Prospect Vale TAS 7250

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Floor area: 74m2
Land area: 226m2
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Property Details for 2/42 Richard St, Prospect Vale

2/42 Richard St, Prospect Vale is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1992. The property has a land size of 226m2 and floor size of 74m2. While the property is not currently for sale or for rent, it was last sold in February 2026. There are other 1 bedroom Unit sold in Prospect Vale in the last 12 months.

Building Type
Unit
Year Built
1992
Floor Size
74m2
Land Size
226m2

Last Listing description (February 2026)

Privately positioned as the rear unit in a quiet block of just two, this surprisingly spacious one-bedroom brick property offers an exceptional opportunity for downsizers, first-home buyers or investors seeking a low-maintenance home in a premium Prospect Vale location.

The open-plan kitchen, living and dining area is light-filled and inviting, creating a comfortable space to relax or entertain. The generous bedroom includes a built-in wardrobe, while the modern bathroom is complemented by the convenience of a separate toilet. A dedicated laundry with linen cupboard provides excellent storage and offers direct access to the yard, a practical feature rarely found in a one-bedroom home.

Completing the package is a carport with additional storage, enhancing everyday convenience while maintaining the property's easy-care appeal.

Set just moments from Country Club Resort Tasmania and its Championship golf course, Prospect Vale Marketplace, parks, schools and public transport, this home delivers an effortless lifestyle in one of the area's most sought-after pockets.

Private, low-maintenance and far more spacious than expected, this is a must-see opportunity. Enquire today!

Rental Estimate: $420 p/w
House size: 74m2 + 20m2 Carport
Land size: 226m2
Built: 1992
Council Zoning: Residential
Council: Meander Valley
Heritage listed: No

**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 2/42 Richard St, Prospect Vale, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$423,600
18 Feb 2026
Listed for Rent
$330/w
04 Jul 2022
  • 18 Feb 2026
    Sold for $423,600
  • 15 Dec 2025
    Listed for Sale Best Offer Over $374,000
  • 24 Jun 2022
    Listed for Rent $330 / week
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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 2,995 properties. Over the last 5 years, Houses in Prospect Vale have seen a 49.79% increase in median value, while Units have seen a 58.24% increase. As at 31 May 2026:

  • The median value for Houses in Prospect Vale is $771,443 while the median value for Units is $544,614.
  • Houses have a median rent of $598 while Units have a median rent of $440.
There are currently 16 properties listed for sale, and 4 properties listed for rent in Prospect vale on OnTheHouse. According to Cotality's data, 122 properties were sold in the past 12 months in Prospect vale.

Suburb Insights for Prospect Vale 7250

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David Hernyk
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Claire Coleman
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.