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The phrase "a very low prospect" is correct and usable in written English.
It can be used when discussing the likelihood or potential for a positive outcome in a given situation, indicating that the chances are minimal.
Example: "Given the current market conditions, there is a very low prospect of significant growth this quarter."
Alternatives: "a slim chance" or "a poor outlook".
Exact(1)
Mr. O'Keefe, speaking at a House Science Committee hearing, said there was a "very low prospect" of shuttles returning to flight during the Sept. 12-Oct.
Similar(59)
Wedged on a very low chair with little prospect of getting himself up, Humphries now promises his fretful minder: "I'll be quick".
But to the Brexiteer, the Commonwealth offered more than the prospect of increased trade (from a very low base: Australia takes 1.6% of UK exports and the Commonwealth as a whole 9.5%).
I have a very low, low voice.
And with a very low budget.
And what constitutes a very low amount?
Cook covered on a very low fire.
It was a very low point.
Omar kept a very low profile.
We have a very low productivity rate".
They have a very low physician supply.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com