Prospect Point is a headland at the west extremity of Velingrad Peninsula on Graham Coast in Graham Land, four kilometres (two nautical miles) south of Ferin Head and immediately east of the Fish Islands. Roughly charted by the British Graham Land Expedition (BGLE) under Rymill, 1934–37. Photographed by Hunting Aerosurveys Ltd. in 1956–57. The name was suggested in 1957 by E. P. Arrowsmith, Governor of the Falkland Islands.