Like its neighbouring suburb, Derwent Park, Prince of Wales Bay is home to light industry, and contains few houses.
Stopping only for passengers at Derwent Park Junction, several intermittent stops happened in between due to scheduling conflicts on Tasmania's single lines, such as at Parattah in the state's Midlands.
Gellibrand was born in Derwent Park, Van Diemen's Land (later renamed Tasmania), brother of Thomas and William who both became members of the Tasmanian House of Assembly.
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Derwent Park Road is a major link road that connects the Brooker Highway to the Main Road, in the northern suburbs of Hobart, Tasmania.