5/23 Molecombe Drive, Prospect Vale, TAS 7250 | Property Value & History | OnTheHouse
OFF MARKET

5/23 Molecombe Drive
Prospect Vale TAS 7250

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 93m2
Land area: 367m2
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Property Details for 5/23 Molecombe Dr, Prospect Vale

5/23 Molecombe Dr, Prospect Vale is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2003. The property has a land size of 367m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in June 2021.

Building Type
Unit
Year Built
2003
Floor Size
93m2
Land Size
367m2
Local Government
Meander Valley
Lot/Plan
5/138923

Last Listing description (June 2023)

Perfectly positioned in popular Prospect Vale located at the end of a quiet cul-de-sac.

This two bedroom brick stand-alone unit in Molecombe Villas is part of a small complex, the complex backs onto the Country Club Golf Course, located only a short drive or easy, flat walk to the Prospect Vale Market Place and only a ten minute commute into the Launceston CBD.


- Recently repainted throughout with newly laid carpet.
- A tiled entrance opens to the roomy open plan living, dining and spacious kitchen.
- Mitsubishi inverter heat-pump keeping the area comfortable year round.
- Main bedroom is spacious with good-sized built-in robes and lovely bay frontage.
- Light and bright bathroom enjoys a separate bath and shower plus convenient separate toilet.
- Easy to maintain small backyard is fully fenced and landscaped with handy garden shed for outdoor storage options.
- Beautifully positioned deck for sunny afternoon relaxation.
- Internal access from the single garage provides security whilst there is also an additional parking space for guests.
- Not pet friendly.

Please contact The Agency - Team Bushby today to arrange an inspection.

Property History for 5/23 Molecombe Dr, Prospect Vale, TAS 7250

A timeline of how this property has performed in the market
Last Sold
$382,000
10 Jun 2021
Listed for Rent
$435/w
04 Jun 2023
  • 10 May 2023
    Listed for Rent $435 / week
  • 12 Jul 2021
    Listed for Rent $375 / week
  • 10 Jun 2021
    Sold for $382,000
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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 2,964 properties. Over the last 5 years, Houses in Prospect Vale have seen a 58.09% increase in median value, while Units have seen a 54.30% increase. As at 31 December 2025:

  • The median value for Houses in Prospect Vale is $724,976 while the median value for Units is $469,303.
  • Houses have a median rent of $523 while Units have a median rent of $450.
There are currently 10 properties listed for sale, and 4 properties listed for rent in Prospect vale on OnTheHouse. According to Cotality's data, 115 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.