426 Westbury RoadProspect Vale TAS 7250
Property Details for 426 Westbury Rd, Prospect Vale
426 Westbury Rd, Prospect Vale is a 5 bedroom, 3 bathroom House with 6 parking spaces. The property has a land size of 4046m2 and floor size of 262m2. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 5 bedroom House sold in Prospect Vale in the last 12 months.
Last Listing description (June 2025)
Welcome to 426 Westbury Road, Prospect Vale – a rare opportunity in one of Launceston's most popular suburbs.
Set on a full acre of general residential-zoned land, this tightly held property offers exceptional flexibility and scope for development (STCA). With two separate titles dividing the block into two half-acre parcels, the possibilities are numerous - whether you're looking to build units or townhouses (STCA), landbank, or simply enjoy the generous space.
The large home features five bedrooms and three bathrooms, offering ample room for a growing family. The kitchen has been updated with modern appliances, and the newly renovated ensuite adds a touch of luxury. Throughout the home, you'll find original features, including stunning stonework surrounding the fireplace, paired with modern updates.
Outside, the property boasts an enormous 18m x 11m garage, ideal for the car enthusiast, tradesperson, or as a workshop space. Under the home, a fully set-up man cave provides room for hobbies, storage, or even a private gym.
Known in the community for the garden space and previously established orchard, the property once operated as a popular local produce business. A past permit allowed business use from the premises - an opportunity that may be explored again (STCA).
With dual access from Westbury Road, this property is particularly well-suited to future development (STCA). Demand for quality units in this area is high, especially among downsizers and retirees drawn to Prospect Vale's proximity to shops, the Country Club, and direct transport links to the city.
Properties of this size and flexibility in Prospect Vale are incredibly rare. Whether you're an investor, developer, or looking for a unique lifestyle property with room to grow, this is an opportunity not to be missed.
*Peter Lees Real Estate has used a variety of sources to obtain information relating to this property. We believe all are reliable sources and have no reason to doubt the accuracy of the information, however we cannot guarantee it. Prospective purchasers are advised to make their own enquiries.
Boundary lines are indicative only.
Property History for 426 Westbury Rd, Prospect Vale, TAS 7250
- 27 Jun 2025Sold for $1,150,000
- 24 Jun 2025Listed for Sale Contact Agent
- 09 Apr 1996Sold for $190,000
Recent sales nearby
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0About 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 2,951 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:
- 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.
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