50 Pin Oak CrescentFlemington VIC 3031
Property Details for 50 Pin Oak Cres, Flemington
Last Listing description (October 2024)
Rare 2-in-1 lifestyle investment opportunity
Enviably positioned with the best of Flemington at your fingertips, this one-of-a-kind shopfront plus residence combines a flexible layout, quality features and dual income potential making it an ideal choice for city professionals and astute investors alike.Step inside to discover a versatile ground-floor retail space adaptable to a range of businesses which comes complete with its own kitchenette and full bathroom. Accessed via Norwood Place behind, the double-storey home is filled with natural light showcasing two large bedrooms complemented by an updated bathroom and additional powder room. Add to this a spacious lounge or a large 3rd bedroom, and separate dining area adjoined by a stone-bench kitchen with Smeg cooking appliances, as well as split-system heating/cooling, high ceilings and solid timber floors. Other stand-outs of the home include a sizeable terrace with leafy outlook ideal for relaxing or entertaining, plus a private rear courtyard with secure off-street parking space.Popular cafes at your doorstep along with the convenience of Newmarket Station, its also walking distance to Racecourse Road trams, shops and restaurants, close to local parks and schools, as well as easy access to Citylink.Previous rental returns for combined properties :50 Pinoak Crescent - $22,063 per annum including Outgoings (under a commercial lease) 1b Norwood Place - $28,680 per annum (under a residential lease) Property is in a Commercial 1 ZoneOpen for InspectionSaturday 5th October 11:30am
Property History for 50 Pin Oak Cres, Flemington, VIC 3031
- 05 Oct 2024Sold - Price Undisclosed
- 11 Sep 2024Listed for Sale Auction $1,050,000 - $1,150,000
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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 5,718 properties. Over the last 5 years, Houses in Flemington have seen a 5.83% increase in median value, while Units have seen a -0.59% decrease. As at 28 February 2026:
- The median value for Houses in Flemington is $1,208,811 while the median value for Units is $422,105.
- Houses have a median rent of $640 while Units have a median rent of $500.
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