33 Prospect Street, PROSPECT, TAS 7250

North-facing, sun-drenched, and capturing a sweeping 180-degree view over Launceston, this tightly held property presents a rare and exciting opportunity. Set on just over 1,000m² of usable land with dual access from both the front and rear, it's ready for a bold vision-whether that's a multi-unit development, renovation for profit, or both (STCA).

With potential to build a second dwelling at the front, remove the existing structures and create a three-townhouse project, or simply update the original home, the scope here is wide open. Investors and developers will immediately see the upside, while first-home buyers could secure a foothold with future growth built in.

The existing residence includes a self-contained flat at the front, offering genuine dual-income potential. This is one of those properties with stories-owned by the same family since their arrival from Europe in the 1950s, it's largely original and ready for its next chapter.

Located within walking distance of the Olde Tudor shopping precinct-complete with supermarkets, dining, and everyday essentials-plus close to schools, public transport and services. All of this, just nine minutes from the heart of Launceston's CBD.

A rare find in a high-demand pocket. Bring your plans, bring your builder, this one won't last.

Built: 1958
Land Size: 1001m2
Building Size: 179m2
Rental Appraisal Unit $260/w approx
Rental Appraisal House: $460/w approx
Council Rates: Approx. $1500 per year
Water Rates: Approx. $1400 per year
Zoning: General Residential

**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 ID: #L33372437