Lot 31 Legacy Road, Prospect Vale TAS

Launceston, TAS, 7250

$ 918,988

Launceston, TAS, 7250
Lot 31 Legacy Road, Prospect Vale TAS-0
Lot 31 Legacy Road, Prospect Vale TAS-1
Lot 31 Legacy Road, Prospect Vale TAS-2

Property Images

Lot 31 Legacy Road, Prospect Vale TAS-0 Lot 31 Legacy Road, Prospect Vale TAS-1 Lot 31 Legacy Road, Prospect Vale TAS-2

Overview

Property ID: LA-11463

  • SDA
  • Property Type
  • 2+OOA
  • Bedrooms
  • 3
  • Bathrooms
  • 1
  • Cars
  • 191

Details

Updated on Mar 05, 2025 at 04:23 pm

Property Type: SDA
Price: $ 918,988
Land Price: $ 270,000
Build Price: $ 648,988
Gross Per Week: $ 3,598
Gross Per Annum: $ 187,084
Gross Yield: 20.36%
Capital Growth 12 Months: -1.67%
Capital Growth 10 Year Annualised: 6.96%
Vacancy Rate: 0.95%
Property Size: 191 m2
Land Area: 559 m2
Bedrooms: 2+OOA
Bathrooms: 3
Parking: 1
Title Status: Titled
Property ID: 11463
SKU: 1022

Description

This is a High Physical Support (HPS) SDA property designed to provide state-of-the-art, accessible housing for individuals with significant physical impairments and high support needs. The property ensures compliance with SDA requirements, offering reinforced walls, reinforced ceilings, wider hallways, and an architecturally designed layout that prioritizes both comfort and accessibility. The home also includes an Onsite Overnight Accommodation (OOA) room for a support worker, providing essential care for residents.

Suburb profile:

Prospect Vale, Tasmania, is a well-established suburb located just outside Launceston. It offers a blend of suburban convenience with access to essential amenities, including shopping centres, medical facilities, schools, and recreational spaces. The area is known for its family-friendly atmosphere, strong community infrastructure, and easy connectivity to Launceston’s central business district. With increasing demand for quality housing, Prospect Vale presents a solid investment opportunity, particularly for specialized disability accommodation.


Site Inclusions:

  • Site costs included
  • Fixed price contract with no hidden extras

Internal Inclusions:

  • Full Turnkey certified SDA Home Design
  • Wider hallways for improved accessibility
  • Non-slip flooring in wet areas
  • Reinforced walls and ceilings
  • Accessible kitchen with adjustable benchtop
  • Accessible bathroom with grab rails and open shower space
  • Architecturally designed interior for easy maneuverability

External Inclusions:

  • Modern façade with premium external finishes
  • Energy-efficient windows and doors
  • Secure fencing to rear and side boundaries

Landscaping Inclusions:

  • High-spec landscaping to the front and rear
  • Dripper irrigation system with timer
  • Modern letterbox
  • Alfresco area with 12m² of colour-on concrete paving

Electrical Inclusions:

  • UPS system for emergency power backup
  • Reverse cycle split-system air conditioning in all rooms
  • Hardwired smoke detectors with battery backup
  • LED downlights throughout the home
  • Video intercom system
  • NBN-ready connection for high-speed internet

Appliance Inclusions:

  • European stainless-steel dishwasher
  • European fan-forced stainless steel wall oven
  • European 600mm electric cooktop
  • European stainless steel 600mm rangehood
  • Double bowl stainless steel sink with lever-style tap
  • Front-loading washing machine

Upgraded Inclusions:

  • Sprinkler system for enhanced fire safety

Energy Efficiency:

  • Minimum 6-star energy rating
  • High-quality insulation for improved thermal efficiency
  • Reverse cycle air conditioning for climate control

Warranties:

  • 10-year structural guarantee
  • Independent property inspections at key construction stages
  • All materials and appliances sourced from trusted brands for durability and reliability


This High Physical Support SDA property in Prospect Vale, TAS, is an exceptional investment opportunity, offering a fully compliant and accessible home for individuals with high support needs. Designed with quality, durability, and resident comfort in mind, the property ensures long-term value for both investors and tenants, backed by government funding and strong rental demand in the area.

SDA – Specialist Disability Accommodation – High Physical Support

SDA Accommodation:

An SDA home, which stands for Specialist Disability Accommodation, is a type of housing designed to meet the specific needs of individuals with significant disabilities who require high-level support and specialised accommodation. SDA aims to provide suitable housing options for participants with complex support needs.

High Physical Support Housing:

High physical support housing includes a high level of physical access for people who need very high levels of support. For example, you may need a ceiling hoist, backup power supply, or home automation and communication technology.

Benefits for Participants:

Improved Quality of Life: SDA homes are tailored to provide accessible and inclusive living environments, promoting independence, comfort, and safety for participants.

Benefits of SDA:

Cost Effectiveness: SDA aims to reduce the overall cost of disability support by providing suitable housing options. Offering appropriate accommodation can help prevent or minimise the need for more expensive, institutionalised care settings.

Benefits for the Community:

Inclusion and Accessibility: SDA homes create inclusive communities by providing accessible housing options for individuals with disabilities. This promotes social integration and enables participants to participate more fully in community life.

Benefits for Property Investors:

  1. Sustainable Financial Returns: Investing in SDA homes can provide property investors with stable, long-term rental income due to the ongoing demand for specialised accommodation for individuals with disabilities.
  2. Secure Tenancy: SDA homes often come with secure, long-term tenancy agreements, providing property investors greater stability and reduced vacancy rates.
  3. Ethical and Social Impact: Investing in SDA homes allows property investors to make a positive social impact by supporting individuals with disabilities and creating inclusive communities.
  4. Government Support: SDA provides financial incentives for property investors who choose to invest in SDA homes, offering potential financial benefits and enhancing the viability of such investments.

Overall, investing in SDA homes can offer property investors a combination of financial stability, social impact, and government support, making it an attractive investment option.

Disclaimer*

All details shown have been provided by third parties, for full details and inclusions please refer to the land and building contracts.

Address Lot 31 Legacy Road, Prospect Vale TAS
City Launceston
State TAS
Postcode 7250
Suburb N/A

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Capital Growth 12 months, measures the increase in a property’s value over the previous 12 months, indicating how much the investment has appreciated in that timeframe.

Capital Growth 10-year annualised, reflects the average annual increase in a property’s value over the last decade, smoothing out short-term fluctuations to show long-term appreciation trends.

Vacancy Rate, indicates the percentage of properties that are currently unoccupied in that postcode, It’s a key indicator for investors to assess the rental demand.

SMSF Property Investing, when investing inside your SMSF there are some restrictions on how you can purchase investment properties. We use the following information to help navigate the SMSF investment property options.

This property is a single-contract property suitable for an SMSF.

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