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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

318/1 Ascot Vale Road, Flemington VIC 3031

$350,000 - $380,000

Listed: 3 days ago
Updated: yesterday
Overview

Located in the vibrant heart of Flemington, this modern one-bedroom apartment exemplifies efficient and stylish city-fringe living. The centerpiece of the apartment is an airy, open-plan kitchen, dining, and living area featuring timber flooring and a sleek kitchen outfitted with stone benchtops, an island bench, stainless steel appliances, and ample cabinetry. Floor-to-ceiling sliding glass doors invite natural light and open to a spacious undercover balcony, seamlessly extending the living space outdoors for private relaxation or casual entertaining.

The bedroom benefits from built-in robes offering generous storage, while a dedicated study nook with an integrated desk provides a practical work-from-home setup. The well-appointed bathroom includes a European laundry, complementing the apartment’s efficient use of space. Climate control is managed through a split-system heating and cooling unit, ensuring year-round comfort. The property also offers a secure car space and a storage cage, adding further convenience.

Residents have access to an impressive array of amenities that elevate the lifestyle experience. Highlights include a heated outdoor infinity pool boasting sweeping views across Melbourne, a fully equipped gym, beautifully landscaped gardens, BBQ areas, resident lounges, and private entertaining spaces. These facilities provide exceptional opportunities for recreation, fitness, and socializing within the community.

Currently leased to Quest Serviced Apartments, the property represents a compelling investment opportunity with immediate returns. Equally, the quality of the apartment and its location make it an attractive option for future owner-occupiers seeking low-maintenance, amenity-rich living close to the city. The location offers unparalleled convenience with city-bound trams running along nearby Racecourse Road, Newmarket Station and Plaza within easy reach, and an array of cafés, restaurants, and bars in walking distance. Iconic local attractions such as Flemington Racecourse and Melbourne Showgrounds are moments away, further enriching the lifestyle on offer.

Combining thoughtful design, premium resident amenities, and a highly connected inner-city location, this apartment is ideal for investors and owners who prioritise contemporary living in a dynamic urban setting.

Local Market Insights

In Flemington, Quiet Listings observed 16 new apartments entering the market over the last 30 days, up from 13 during the previous 30-day period, with an average advertised asking price of $482,188. The property type mix of listed properties is predominantly Houses at 48%, followed by apartments (40%), and townhouses (13%). The most active agency for apartments in the Flemington area is currently Nelson Alexander, representing 38% of new listings, followed by Rendina Real Estate with 31%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.

Open for Inspections

Upcoming inspection times scheduled in the next 14 days.

11:45 PM - 12:15 AM AEDT
Location
Market Insights for Flemington VIC 3031
New Listings (last 30 days)
16
Average price
$482,188
Lowest price
$175,000
Highest price
$650,000
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