331 Westbury Rd, Prospect Vale is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1950. The property has a land size of 614m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in April 2002.
Positioned in the highly sought-after suburb of Prospect Vale, this well-presented three-bedroom home offers a lifestyle of comfort, convenience, and low-maintenance living. Set on a generous block of land, the property features spacious interiors filled with natural light, practical family-friendly living spaces, and a versatile layout suited to couples, families, or professionals seeking a quality home in a premium location.Ideally located just minutes from Prospect Vale Marketplace, quality schools, sporting facilities, public transport, and only a short drive to Launcestons CBD, this property combines suburban tranquillity with everyday accessibility. With strong rental demand in the area and proximity to major amenities, the home offers exceptional lifestyle appeal in one of Northern Tasmanias most desirable residential pockets.TERMS OF TENANCY:Rent: $550 per weekAvailable: 15th of May 2026Lease Length: 12 month lease preferredPet Policy: Pets are considered upon applicationInspection: Please register for inspections onlineApply: Online Realestate.com.auHOW TO APPLY:Submit your application via the "APPLY" button on Realestate .com.auPROPERTY FEATURES - Three generously sized bedrooms- Bright and welcoming living areas with excellent natural light- Functional family-friendly floorplan- Kitchen with storage and bench space- Multi-Purpose Pantry & Storage Space- Double glazed windows- Well-maintained bathroom with practical layout- Large low-maintenance backyard - Comfortable year-round living- Off-street parking - Established residential setting with strong community appeal- Walking distance to schools, shops, parks, and public transport- Directly across from Prospect Vale Marketplace and minutes from Country Club TasmaniaABOUT THE AREAProspect Vale is widely regarded as one of Launcestons most desirable suburban locations, offering residents the perfect balance of convenience, lifestyle, and community living. Situated only minutes from the Launceston CBD, the suburb is highly sought after for its excellent infrastructure, quality schools, shopping precincts, medical facilities, and recreational amenities. Prospect Vale Marketplace, Country Club Tasmania, local cafs, sporting clubs, and walking trails are all easily accessible, making the area especially appealing for families and professionals alike.The suburb continues to experience strong growth and demand thanks to its established streetscapes, larger residential allotments, and close proximity to both the city and surrounding lifestyle attractions. With a welcoming community atmosphere, quality education options nearby, and easy connectivity throughout Northern Tasmania, Prospect Vale remains one of the regions premier residential destinations.
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 3,002 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:
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