36 Wisewould Street, Flemington VIC 3031
36 Wisewould Street, Flemington VIC 3031
This is a 2-bedroom, 2-bathroom townhouse on a substantial 598 m² lot in Flemington, with 2 car spaces and high ceilings throughout. It sits within the Moonee Valley council area and was developed as part of a post-2018 subdivision, giving it a modern build standard. The land size is unusually generous for a townhouse of this configuration, which is the standout signal here.
What is competitively strong about this property is the land-to-building ratio. A 598 m² lot in Flemington for a 2-bedroom townhouse is rare and gives the buyer genuine future optionality—whether that is extending, landscaping, or simply enjoying space most comparable properties lack. The high ceilings and separate lounge add a sense of volume that newer builds often sacrifice. This property serves best a buyer who values land over bedroom count: downsizers wanting single-level living with room to breathe, or investors who see the land component as the long-term value driver. It sits quietly in a residential pocket of Flemington, away from the busy thoroughfares, which supports a more settled neighbourhood feel.
The post-2018 build date means the property is still relatively new, but the 6-lot subdivision permit suggests it is part of a denser development pattern. This may affect how the land is valued relative to a standalone house on a similar-sized block, as subdivision potential is already realised. The conflicting floorplan—one source showing 3 bedrooms—introduces some uncertainty about the internal layout, which a buyer should verify in person. The 2-bedroom count may limit appeal to families, but for the right buyer the land size compensates. Pricing should be weighed against what comparable land in the area would cost to acquire separately, not just against other townhouses.
Detailed Independent Property Report prepared by PropCred Analyst team for 36 Wisewould Street, Flemington VIC 3031
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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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
2
Parking
2
Land
598m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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