2202/1 Ascot Vale Road, Flemington VIC 3031
2202/1 Ascot Vale Road, Flemington VIC 3031
Penthouse with views | Resort gym & pool | East-facing terrace | Walk to train | Top-floor rarity
Positioning this property as a top-floor penthouse with uninterrupted city and eastern range views gives it a rare competitive edge in Flemington. The resort-style amenities and generous terrace enhance the lifestyle appeal, making it suited to owner-occupiers who value outlook and finish over floor area. Its configuration and premium feel exceed what typical two-bedroom units offer in this market. It serves best as a primary residence for professionals or downsizers seeking inner-city convenience with a distinctive visual advantage.
The asking price presents a material risk, sitting well above the recent sale and current estimates—a gap that could slow capital growth and require a longer hold. The commercial opportunity is to negotiate toward the market anchor, as the view and amenities support steady rental demand and a 5% yield. Hold this property for its lifestyle benefits; treat any price appreciation as a bonus.
Detailed Independent Property Report prepared by PropCred Analyst team for 2202/1 Ascot Vale Road, Flemington VIC 3031
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Market Insight:
Flemington presents a compelling, dual-speed market where houses offer stable, long-term growth while units demonstrate exceptional recent capital appreciation. Demand is driven by buyers seeking relative value and strong rental yields, particularly for the unit sector. The market is active, with houses selling efficiently and overall sales volume increasing. Future growth is anchored by its established character and the unit market’s robust performance, though the divergence in price trends between property types indicates a nuanced and segmented market dynamic.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
3827m²
Assessments Delivered Today
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