36 Cheltenham Way, Prospect Vale, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

36 Cheltenham Way
Prospect Vale TAS 7250

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 129m2
Land area: 657m2
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Property Details for 36 Cheltenham Way, Prospect Vale

36 Cheltenham Way, Prospect Vale is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1996. The property has a land size of 657m2 and floor size of 129m2. While the property is not currently for sale or for rent, it was last sold in July 2025.

Building Type
House
Year Built
1996
Floor Size
129m2
Land Size
657m2
Local Government
Meander Valley
Lot/Plan
11/122230

Last Listing description (July 2025)

Set within a well-established and sought-after neighbourhood, 36 Cheltenham Way, Prospect Vale offers the ideal blend of comfort, space, and convenience. This solid brick home, built in the 1990s, is positioned amongst other quality properties in a family-friendly location that continues to be popular with a wide range of buyers. Whether you're a growing family, a first-time buyer, downsizer, or investor, this home represents an outstanding opportunity in a suburb known for its community feel and excellent amenities.

Internally, the home has a thoughtful layout that maximises both space and functionality. The accommodation includes three generously sized bedrooms. The master bedroom features a walk-in wardrobe and ensuite. The two additional bedrooms both include built-in wardrobes and are serviced by the main bathroom, which offers a separate shower and bath, a separate toilet adds extra convenience.
At the front of the home, the spacious lounge room provides a warm and inviting space to unwind. Then kitchen and dining space overlooks the backyard and is functional and well-equipped area, featuring ample bench space, excellent storage.

One of the key highlights of the home is the expansive undercover deck at the rear, which flows seamlessly from the indoor living space. This generous outdoor area is perfect for entertaining family and friends, or simply relaxing while overlooking the private backyard. The rear yard is fully fenced, offering a safe and secure space for children and pets to enjoy with confidence.
Practical features continue outside, with great off-street parking available for multiple vehicles. There's plenty of space for cars, trailers, or even a small caravan, adding further versatility to the property.
Situated just moments from the conveniences of Prospect Market Place, local schools, parks, the Prospect Golf Course, and the Country Club Casino, this home is perfectly positioned for those seeking easy access to everyday essentials while enjoying a peaceful suburban setting. With its solid construction, and unbeatable location, 36 Cheltenham Way is a home that will appeal to buyers seeking quality and long-term value in a popular part of Launceston.

Year Built: 1996
House Size: 129m2
Land Size: 657m2
Council Rates: $1,600pa approx
Water Rates: $1,200pa approx
Municipality: Meander Valley Council
School Catchments: Summerdale Primary & Prospect High School
Zoning: General Residential

Sims for Property 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.

Property History for 36 Cheltenham Way, Prospect Vale, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$620,000
01 Jul 2025
Listed for Rent
$450/w
01 Oct 2024
  • 01 Jul 2025
    Sold for $620,000
  • 06 Jun 2025
    Listed for Sale Best Offers Over $595,000
  • 20 Sep 2024
    Listed for Rent $450 / 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 3,005 properties. Over the last 5 years, Houses in Prospect Vale have seen a 48.11% increase in median value, while Units have seen a 54.54% increase. As at 30 June 2026:

  • The median value for Houses in Prospect Vale is $782,983 while the median value for Units is $553,693.
  • Houses have a median rent of $600 while Units have a median rent of $450.
There are currently 15 properties listed for sale, and 5 properties listed for rent in Prospect vale on OnTheHouse. According to Cotality's data, 118 properties were sold in the past 12 months in Prospect vale.

Suburb Insights for Prospect Vale 7250

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Cotality Copyright and Legal Disclaimers about Property Data
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.