65 Canterbury Street Flemington VIC 3031

Period extended house | 212sqm block | tree-lined heritage street | study/4th bedroom flexibility This property offers a rare combination of period character and contemporary renovation on one of Flemington’s most desirable streets. The two-level floorplan and study that doubles as a fourth bedroom provide genuine flexibility for a professional couple or small family seeking space without moving to a larger block. The heritage zone context and street appeal are structural advantages that support long-term value retention, and the property’s configuration is competitive against newer townhouses in the area. It suits buyers who prioritise location and character over turnkey perfection. The primary risk is the 212sqm block, which limits future extension potential and may feel constrained for buyers accustomed to larger gardens. The heritage overlay imposes renovation restrictions, and the auction clearance rate in Flemington is high, meaning competition will be sharp. However, the rental yield of 2.9% and $950+ weekly rent indicate strong tenant demand, making this viable as a hold-and-rent play if plans change. Buyers should approach with a clear budget ceiling and be prepared to act decisively at auction.