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Back 118/1 Ascot Vale Road
Off Market

118/1 Ascot Vale Road

Flemington VIC 3031

1
1
1
Apartment
Last sold for $290,000
Tim AshTim Ash, last sold this property on 07 August 2026 after 137 days on market.

Overview

Investment opportunity with Quest lease in place

Secure Returns in Premium Flemington Position Perfectly positioned on Ascot Vale Road, this investment-ready apartment delivers immediate returns with an established Quest lease in place. Offering hands-off ownership and consistent rental income, this opportunity appeals to astute investors seeking quality stock in Flemington's tightly held apartment market. The Quest lease provides professional management and guaranteed income, removing the complexities of traditional tenancy while delivering reliable cash flow. With serviced apartment demand remaining strong across Melbourne's inner suburbs, this asset offers both security and growth potential in a location that continues to attract corporate and leisure travellers. Flemington's position just 4km from Melbourne's CBD ensures sustained demand, with excellent connectivity via Flemington Bridge Station, citybound tram routes, and major arterials. The Racecourse precinct, Flemington shopping village, and Maribyrnong River trails sit moments away, underpinning the area's enduring appeal. The apartment itself delivers functional layout and quality finishes suited to the serviced apartment market. Low-maintenance ownership combined with professional Quest management ensures this investment performs from day one, allowing you to focus on portfolio growth rather than property administration. For investors seeking secure income, established management, and a premium inner-city location, 118/1 Ascot Vale Road presents a rare opportunity to acquire a turnkey asset with proven returns. Investment Highlights * Established Quest lease delivering immediate returns * Professional management removing landlord responsibilities * Premium Flemington location 4km from Melbourne CBD * Strong serviced apartment demand in inner suburbs * Flemington Bridge Station and tram connectivity * Low-maintenance investment suited to portfolio builders

Features

1 bedroom
1 bathroom
1 carspace
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Flemington over the last 12 months, the estimated median property value of 118/1 Ascot Vale Road is $365k.

Median value
$365k
Estimated value range
$200k - $460k
Median days on market
35
Estimated value trend
7%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Flemington. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 118/1 Ascot Vale Road

2026
Sold
$290,000
Private Sale/Treaty on 07 Aug 2026 by Tim Ash, of Jellis Craig Kensington

Happy sellers in Flemington

87%
87% of sellers in Flemington reported that their sale price either exceeded or met their price expectations.

Flemington stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 6 reviews in Flemington over the last 12 months.

Local market activity for 1 bedroom apartments in Flemington

In the last 12 months, 53 one-bedroom apartments similar to 118/1 Ascot Vale Road, have been sold.

This represents a 10% decrease in one-bedroom apartments sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Flemington

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Tate Moore

Sellers who recommend Tate Moore have praised them for being clear communication, local expert, honest, supportive, responsive, reliable and trustworthy

  •   4.9   (272 reviews)
  •  2 Reviews in Flemington
  •  1 Sale in Flemington
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Joel Campbell

Joel Campbell is a recommended agent for Flemington.  They have 2 local sales and collected 1 local review across the last 12 months.

  •   5   (51 reviews)
  •  1 Review in Flemington
  •  2 Sales in Flemington
View profile
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Georgie Maggs

Sellers who recommend Georgie Maggs have praised them for being clear communication, local expert, friendly, reliable, dedicated, well-prepared and responsive

  •   4.9   (76 reviews)
  •  1 Review in Flemington
  •  1 Sale in Flemington
View profile
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Mario Pejovski

Mario Pejovski is a recommended agent for Flemington.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   4.8   (65 reviews)
  •  1 Review in Flemington
  •  1 Sale in Flemington
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