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118/1 Ascot Vale Road

Flemington VIC 3031

1
1
1
Apartment
Currently for sale - view listing

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

Happy sellers in Flemington

88%
88% 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 8 reviews in Flemington over the last 12 months.

Local market activity for 1 bedroom apartments in Flemington

In the last 12 months, 52 one-bedroom apartments similar to 118/1 Ascot Vale Road, have been sold.

This represents a 15% decrease in one-bedroom apartments sales when compared to the previous 12 months.

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