9 Jezabeel Court, Flemington VIC 3031
9 Jezabeel Court, Flemington VIC 3031
Large 4–5 bed townhouse in a quiet court | compact 176m² land | strong inner-suburb position near Newmarket | dual rental estimates suggest high tenant appeal
This property holds a clear competitive edge in Flemington’s market: it offers four to five bedrooms in a low-rise townhouse form, which is relatively rare in a suburb where apartments dominate the stock. The compact land size keeps maintenance light, while the internal space—whether 82m² or 120m² depending on the source—still supports family living better than most nearby units. Its position in a small court environment adds privacy and a quieter feel than main-road alternatives, and the proximity to Newmarket station and Racecourse Road retail makes it practical for daily commutes and errands. The buyer it serves best is an owner-occupier family or a professional couple seeking more bedrooms than an apartment provides, without taking on the cost or upkeep of a detached house.
The main value considerations centre on the inconsistency in reported internal area, which may affect how the property is perceived against similar townhouses. The rental estimates vary noticeably—one suggesting around $980 per week, another above $1,085—which might influence an investor’s yield expectations, though the implied return appears reasonable for the area. The small lot and higher-density court setting may limit outdoor space and visitor parking, and the absence of confirmed build year or aspect means condition and orientation should be verified in person. These factors may shape the final price more than the broad market trend, so a buyer should weigh them carefully when forming an offer.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Jezabeel Court, Flemington VIC 3031
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Flemington is a two-speed market. Houses have a median of $1.15 million, up 4.55–5.0% annually, but a quarterly fall of -9.8% suggests softening. Units are the stronger segment: medians span $430,000–$545,000, with annual growth as high as 28.2% and a quarterly surge of 29.4%. Unit yields (up to 6.5%) far exceed houses (3.4%), pointing to investor-driven demand; houses attract owner-occupiers, with 37 days on market. House sales totaled 89, up 4.7% year-on-year. Future growth depends on unit momentum, while affordability and price volatility are key constraints.
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PropCred Estimated Value
Comparable Sales: 8 Jezabeel Court sold $530,000 in 2012; 11 Jezabeel Court valued near $885,000 | Property Price Band: $1.2M–$1.3M | Value Drivers: bedroom count, land size, court location, rental potential
Bedrooms
5
Bathroom
2
Parking
2
Land
176m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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