3 Somerset Place, Prospect Vale, TAS 7250 | Property Value & History | OnTheHouse
 
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3 Somerset Place
Prospect Vale TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 164m2
Land area: 737m2
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Last updated 15 Dec 2025
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Property Details for 3 Somerset Pl, Prospect Vale

3 Somerset Pl, Prospect Vale is a 3 bedroom, 2 bathroom House and was built in 1997. The property has a land size of 737m2 and floor size of 164m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
House
Year Built
1997
Floor Size
164m2
Land Size
737m2
Local Government
Meander Valley
Lot/Plan
53/124147

Last Listing description (January 2023)

Situated in the heart of Prospect Vale this immaculately presented home will suit couples and families alike.
Comprising 3-4 bedrooms depending on your requirements, this impressive dual-level home is generously well-appointed. All bedrooms are generous in size, while the large main bedroom enjoys the upper floor to itself and has a separate sitting/lounge area. The main bedroom incorporates a large walk-in robe and ensuite, making this area any parents' dream space.
Open plan living and dining downstairs adjoining the kitchen and with access directly out to the impressive undercover deck. This space is sure to be enjoyed in the coming summer months as a place to entertain whilst watching children play safely in the low-maintenance and secure rear yard.

Located on the door-step of the Country Club Casino (incorporating the Prospect Vale Golf Club), a short walk to the Prospect Market Place, with several schools in the area and an easy commute to the Launceston CBD, this quiet and private location doesn't get much better.

- 3 4 bedroom family home;
- Polished timber flooring;
- Ducted gas heating?
- Undercover entertaining area;

Council rates: $422 p/q approx.
Water rates: $250 p/q approx.
Building size: 164m2 approx.
Land size: 737m2 approx.
Currently tenanted at $550 per week.

Key2 Property have obtained all information in the document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.

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Property History for 3 Somerset Pl, Prospect Vale, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$610,000
05 Jan 2023
Listed for Rent
$550/w
04 Jan 2022
  • 05 Jan 2023
    Sold for $610,000
  • 22 Nov 2022
    Listed for Sale $599,000 - $649,000
  • 31 Dec 2021
    Listed for Rent $550 / week
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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 2,952 properties. Over the last 5 years, Houses in Prospect Vale have seen a 60.05% increase in median value, while Units have seen a 52.18% increase. As at 30 November 2025:

  • The median value for Houses in Prospect Vale is $709,939 while the median value for Units is $458,189.
  • Houses have a median rent of $500 while Units have a median rent of $440.
There are currently 13 properties listed for sale, and 1 property listed for rent in Prospect vale on OnTheHouse. According to Cotality's data, 117 properties were sold in the past 12 months in Prospect vale.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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