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218/1 Ascot Vale Road, Flemington$435,000
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218/1 Ascot Vale Road

Flemington, VIC 3031, Australia
$420,000 – $450,000
2 bed 2 bath 1 car

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About this property

Discover effortless investing with this beautifully maintained studio apartment, perfectly positioned within the Quest Flemington Central complex. Managed under the trusted Quest Hotel Group, this property offers the ultimate in hands-free investment with a secure annual rental return of approximately $26,000. Key Features Fully managed by Quest Hotels, ensuring consistent occupancy and peace of mind Modern studio apartment with quality furnishings and finishes Prime Flemington location moments from Flemington Racecourse, public transport, cafes, and the CBD Facilities include: rooftop pool, gym, and shared entertaining spaces Why Invest Here Whether you're expanding your portfolio or entering the property market, this is a true "set and forget" investment. With an established tenant (Quest Hotels) and guaranteed returns, you can enjoy stable income without the hassle of day-to-day management. Key Investment Details Current return: approx. $26,000 per annum Managed by: Quest Flemington Central Type: Serviced apartment / investment only (not for owner-occupation) Location Highlights Perfectly situated just 4 km from Melbourne's CBD, with easy access to tram and train services, nearby shopping, and the vibrant lifestyle Flemington is known for. Photo ID required at all open for inspections. Disclaimer: We have, in preparing this document, used our best endeavours to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquiries and refer to the due diligence checklist provided by Consumer Affairs. Click on the link for a copy of the due diligence checklist from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
1
Listed
3 months ago

Repayment calculator

$2,109/month
$1,054 /fortnight
Loan $348,000 at 6.10% over 30 years

Upfront costs

Deposit$87,000
Stamp duty$21,170
Conveyancing (est.)$2,000
Total upfront$110,170
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Flemington

This 2-bedroom apartment in Flemington, VIC 3031 sits within reach of public transport, local shops and nearby schools. It is listed 27% below the $592,500 median of 56 comparable apartmentswithin 5 km.

Schools near Flemington

  • Debney Meadows Primary Schoolprimary · Prep-6 · CoEd
  • Flemington Primary Schoolprimary · Prep-6 · CoEd
  • St Brendan's Schoolprimary · Prep-6 · CoEd
  • Mount Alexander 7-12 Collegesecondary · 7-12 · CoEd
  • SEDA College (Victoria) - Flemington HUBsecondary

What's nearby

  • Stop 26: Newmarket Station (tram)613 m away
  • Woolworths579 m away
  • Coronet Park197 m away
  • Unnamed439 m away
  • Flemington Stockyards485 m away

Flemington at a glance

Full suburb profile
Population
7,025
Median age
34
Household income
$1,525/wk
Median rent
$300/wk
Median mortgage
$2,074/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Flemington price trend

Median sold · Unit 2 bed

Compound growth -1.9% / yr over 4 yrs

$564kcurrent median

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Full Flemington market

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Price history

Price history

Listing price changes

2 price changes recorded for this property

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