602/1 Ascot Vale Road, Flemington VIC 3031

East-facing balcony | 6th floor city views | infinity pool building | opposite Flemington Racecourse The competitive edge here is the combination of a genuinely private east-facing balcony with city views in a building that includes an infinity pool, which is rare at this price point. The position opposite Flemington Racecourse gives the property a distinct address advantage over similar apartments further from the parkland and transport. For a first-home buyer or investor seeking inner-urban lifestyle with strong rental demand, this unit offers configuration that stands out in the Flemington market. The main risk is the 3827m² lot size figure, which is misleading and reflects the complex total, not the unit’s land holding, so capital growth will track the building’s performance rather than land appreciation. The 2015 last sale date means there is no recent resale data to benchmark current pricing. Rental yield at $495-$575 per week is solid for a one-bedroom, and the Opticomm fibre and 5G coverage support tenant appeal. Hold this property for steady rental income and moderate capital gain, not for land banking.