32/12 Casino Rise, Prospect Vale is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1989. The property has a land size of 184m2 and floor size of 91m2. While the property is not currently for sale or for rent, it was last sold in April 2021.
Situated at the rear of the Launceston Retirement Village just a stone's throw from an 18 hole golf course,and within walking distance of Bolters Bar & Grill and Country Club Tasmania, is this warm & spacious 2 br, double-brick, ground-floor unit with security screen doors and a fully fenced back garden.
Please note that this unit is not part of the Retirement Village and so has no age or title restrictions for purchasers. Small animals are also allowed as pets, with the permission of the Property Manager.
INVESTORS: Currently 10 of the 12 units are tenanted while the other 2 are owner-occupied. They are rarely vacant for more than a week at a time and attract good, long-term tenants.
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 60.05% increase in median value, while Units have seen a 52.18% increase. As at 30 November 2025:
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