118/1 Ascot Vale Road, Flemington, Vic 3031

For Sale

118/1 Ascot Vale Road, Flemington, Vic 3031-Image

118/1 Ascot Vale Road, Flemington, Vic 3031

$310,000 - $335,000

Apartment

Type

Bedrooms

Bathrooms

Parkings

Published on Monday, March 23, 2026 ( See property details for 118/1 Ascot Vale Road, Flemington, Vic 3031)

$310,000 - $335,000

View the agent price guide.

Tim Ash - Real Estate Agent - Jellis Craig - Kensington

Tim Ash Licensed Estate Agent

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Joe Vicino - Real Estate Agent - Jellis Craig - Kensington

Joe Vicino Sales Consultant & Auctioneer

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A low-maintenance, investment-ready apartment in Flemington with a secure Quest lease and excellent connectivity, offering reliable income and growth potential.

🏡 Property Highlights

Established Quest lease ensuring immediate rental income
Professional management providing hassle-free ownership
Prime Flemington location just 4km from Melbourne CBD
Strong demand for serviced apartments in inner Melbourne
Excellent connectivity via Flemington Bridge Station and tram routes
Low-maintenance, turnkey investment ideal for portfolio growth

✨ Key Features

Open-Plan Living
Built-in Robes
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Waterfront / Views
Outdoor Area / Balcony
Internal Laundry
Ceiling Fans

Suburb and Property Insights of Flemington, VIC 3031

Flemington is a vibrant inner-city suburb renowned for its rich cultural diversity, historic racecourse, and excellent connectivity to Melbourne’s CBD. The area offers a mix of residential living, shopping precincts, and recreational trails along the Maribyrnong River. Its strong demand for serviced apartments makes it a prime location for investors. With easy access to major transport links, Flemington provides a convenient lifestyle for residents and visitors alike. The suburb’s ongoing development and proximity to key amenities ensure sustained growth and rental demand.

Frequently Asked Questions

What is the current rental income and lease term for this apartment?

The apartment is leased through Quest with guaranteed income, providing a reliable cash flow, with the lease terms specified by the management company.

What are the ongoing management and maintenance costs?

Management is handled professionally by Quest, with costs typically including management fees and service charges, details of which can be provided upon inquiry.

Is the apartment suitable for short-term or corporate rentals?

Yes, the apartment is designed to cater to the serviced apartment market, making it ideal for short-term and corporate rentals.

What are the building amenities and facilities?

Details on building amenities are not specified; however, serviced apartments often include features such as secure entry, communal areas, and maintenance services.

What is the condition and age of the property?

The apartment features quality finishes and a functional layout, with construction details available upon request.

What to ask about this property to agent?

Are there any upcoming strata or body corporate fees and special levies? Are there any restrictions or covenants affecting the property? What are the zoning and planning regulations for this apartment? Is there any history of flooding, bushfire risk, or other environmental hazards? Are there any planned developments or construction nearby that could impact the property? What are the total costs involved in purchasing and maintaining this apartment? Are there any existing defects or repairs needed in the property? Is the property compliant with all building and safety regulations? What are the terms of the Quest lease, and are there any restrictions on ownership? Are there any easements or access issues affecting the property?

118/1 Ascot Vale Road, Flemington, Vic 3031 - More Details

$310,000 - $335,000

Type: Apartment
Bedrooms: 1
Bathrooms: 1
Parkings: 1

Price guide

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118/1 Ascot Vale Road, Flemington, Vic 3031 - Point Of Interest

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118/1 Ascot Vale Road, Flemington, Vic 3031

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