85 Chris StreetProspect Vale TAS 7250
Property Details for 85 Chris St, Prospect Vale
85 Chris St, Prospect Vale is a 4 bedroom, 4 bathroom Unit with 4 parking spaces and was built in 1994. The property has a land size of 948m2 and floor size of 196m2. While the property is not currently for sale or for rent, it was last sold in November 2024.
Last Listing description (January 2025)
This exceptional four-unit Prospect Vale property, set on a generous 948m block, is perfect for investors seeking a high-performing asset or a flexible multi-generational living arrangement.
Each Unit Features:
1 spacious bedroom
Open-plan kitchen, Living and Dining area
A single carport for each unit, ensuring convenience for tenants
Rear fenced courtyard areas
With all units on the same title, this hassle-free investment offers the added benefit of no body corporate fees, making it a smooth and stress-free addition to your portfolio. The property is fully leased to excellent tenants, providing a strong return of over 6%, making it a fantastic income-generating opportunity.
Brick built, in fantastic condition both inside and out with no outstanding maintenance inside or out that we are aware of. Little to no on-going upkeep for years to come makes this a set and forget investment.
Located in a thriving suburb close to parks, shopping, dining, and top schools, the units are easy to find tenants for and have a very low vacancy rate if at all. Whether you're looking to rent all units or occupy one while leasing the others, this versatile property provides options.
Act fast to secure this rock-solid investment! Private inspection is available to qualified buyers. As the units are tenanted, a minimum 2 working days notice is required prior to inspection. Please contact David and his team today to schedule a viewing. Don't miss out on this fantastic opportunity to grow your portfolio in a high-demand area!
Rental Estimate: Up To $310 per unit p/w. Combined Rental Estimate of $1240 p/w for entire property
House size: 196m2
Land size: 948m2
Built: 1994
Rates: $3,770.47 p.a
Council Zoning: Residential
Council: Meander Valley
Heritage listed: No
**Harcourts Launceston 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. All measurements are approximate**
Property History for 85 Chris St, Prospect Vale, TAS 7250
- 25 Nov 2024Sold for $970,000
- 09 Sep 2024Listed for Sale Best Offer Over $949,000
- 16 Nov 2009Sold for $520,000
Recent sales nearby
See more recent sales nearby
/assets/perm/ej3woq2fimi65dhqr5dnsc2t2i?signature=4e41d9ec7b74177ea0b5ff9fc1c3fc9c07ab96c55f976699cf414eb959afa2c0){kind=logo}
0/assets/perm/aozsou5fs4i6zph7d7zhb4ys4y?signature=d596e0e32fe3d777e51467743b660e9b53d2e5dda1090f92600224585c7ddc31){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
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.
Suburb Insights for Prospect Vale 7250
Market Insights
Prospect Vale Trends for Houses
N/A
N/A
View TrendN/A
N/A
Prospect Vale Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
