480 Racecourse RoadFlemington VIC 3031
Property Details for 480 Racecourse Rd, Flemington
Last Listing description (December 2022)
POINT OF INTEREST:
One glance at the location and youll understand why this is a rare commercial commodity. Sitting inside one of Melbournes most sought-after zonings, this is a standalone warehouse that stands out from bustling Racecourse Road. The asset is made up of 163 sqm* of land and 148 sqm* of existing warehouse space ready to service any occupier needs you may have, conveniently equipped with dual access to the property from the main road or the rear laneway. The potential uses for the site are endless thanks to the Commercial 1 zoning, but so are the exposure opportunities with signage on display to thousands of passing cars daily. If youre in the market to build in one of Melbournes most energetic inner-city areas, theres plenty of development potential here to establish your business hot out of the gate.
- 163 sqm* land area.
- 148 sqm* building area.
- Commercial 1 zoning.
- Rear ROW
- 57 m* from the 57 tram stop.
- 450 m* from Newmarket railway station.
- 1.1 km* from the Citylink.
- 4.5 km* from Melbourne CBD.
POINT OF VIEW:
A successful wager needs three things; a drive to win, unbridled confidence, and a leap of faith. This is an investment opportunity in a neighbourhood known for wealth creation and an easy bet with all signs pointing to a winning ticket.
*Approx.
Pricing excludes GST
Property History for 480 Racecourse Rd, Flemington, VIC 3031
- 30 Nov 2022Sold for $1,040,000
- 24 Mar 2022Listed for Sale Contact Agent
- 11 Oct 2013Listed for Sale CONTACT AGENT
Recent sales nearby
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About Flemington 3031
The size of Flemington is approximately 2.9 square kilometres. It has 13 parks covering nearly 5.2% of 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 5,719 properties. Over the last 5 years, Houses in Flemington have seen a 0.59% increase in median value, while Units have seen a -2.09% decrease. As at 31 March 2026:
- The median value for Houses in Flemington is $1,186,413 while the median value for Units is $430,761.
- Houses have a median rent of $650 while Units have a median rent of $495.
Suburb Insights for Flemington 3031
Market Insights
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