218/1 Ascot Vale Road
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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
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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
- Woolworths — 579 m away
- Coronet Park — 197 m away
- Unnamed — 439 m away
- Flemington Stockyards — 485 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
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Full Flemington marketThis listing
Price history
Price history
Listing price changes
2 price changes recorded for this property
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