218/1 Ascot Vale Road, Flemington, VIC 3031 | Apartment for sale | OnTheHouse
FOR SALE
$420,000-$450,000 Serious Vendor – Offers Invited

218/1 Ascot Vale Road
Flemington VIC 3031

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Investment Opportunity at Its Finest

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
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Property Details for 218/1 Ascot Vale Rd, Flemington

218/1 Ascot Vale Rd, Flemington is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with Professionals First & Co.

Building Type
Apartment
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About Flemington 3031

The size of Flemington is approximately 2.9 square kilometres. There are 13 parks, covering nearly 5.2% of the total area. The population of Flemington in 2016 was 7719 people. By 2021 the population was 7025 showing a population decline of 9.0% in the area during that time. The predominant age group in Flemington is 30-39 years. Households in Flemington are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Flemington work in a professional occupation.In 2021, 36.90% of the homes in Flemington were owner-occupied compared with 33.40% in 2016.

Flemington has 5,725 properties. Over the last 5 years, Houses in Flemington have seen a -12.29% decrease in median value, while Units have seen a 0.67% increase. As at 31 July 2026:

  • The median value for Houses in Flemington is $1,112,049 while the median value for Units is $416,587.
  • Houses have a median rent of $680 while Units have a median rent of $523.
There are currently 10 properties listed for sale, and 2 properties listed for rent in Flemington on OnTheHouse. According to Cotality's data, 285 properties were sold in the past 12 months in Flemington.

Suburb Insights for Flemington 3031

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Andy Su
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Ginny Xia
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Professionals First & Co
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.