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Location of Velingrad Peninsula on Graham Coast, Antarctic Peninsula.

Prospect Point is a headland at the west extremity of Velingrad Peninsula on Graham Coast in Graham Land, nearly 2 nautical miles (3.7 km) 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 (Islas Malvinas).