305/8 Burrowes Street, Ascot Vale VIC 3032
305/8 Burrowes Street, Ascot Vale VIC 3032
Top floor north aspect | dual bathroom layout | modern finish package | school zone location | secure parking included
This apartment is competitively positioned in Ascot Vale due to its top-floor placement, north-facing balcony with expansive views, and dual bathroom configuration — a combination rarely found in two-bedroom units within the suburb. The modern finishes, including stone benchtops, timber flooring, and a galley-style kitchen with gas cooking, elevate the property above older stock that typically offers single bathrooms and dated interiors. The property suits buyers seeking a lock-and-leave lifestyle with strong functional amenity: walkable access to the Union Road café strip, tram 57 to the CBD, Ascot Vale Station, and zoned primary and secondary schools. The dedicated European laundry, storage cage, and secure car space complete a practical floorplan that appeals to owner-occupiers and investors alike.
The listing price should be weighed against the building’s age — the complex is over ten years old — and any associated maintenance or sinking fund obligations. The presence of flood management planning controls on nearby units within the same building may indicate broader site constraints that could affect insurance costs or future redevelopment potential. Rental demand appears supported, but the achievable yield may depend on final purchase price and prevailing interest rates. Buyers should confirm the exact number of allocated car spaces, as records show variation, and verify the condition of common property areas and building management.
Detailed Independent Property Report prepared by PropCred Analyst team for 305/8 Burrowes Street, Ascot Vale VIC 3032
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
1
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Market Insight
Ascot Vale is a well-connected inner-city suburb attracting established professionals, drawn by its heritage character and parklands. Demand is anchored by this demographic, supporting a premium house market that has demonstrated resilience with modest growth, while the unit segment faces softer conditions. Future appeal is linked to its enduring proximity to the city, though high entry prices for houses and a cooling transaction pace present notable constraints to broader momentum.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2585m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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