Ascot Vale Real Estate
Ascot Vale suburb overview
Rich in history, Ascot Vale has enjoyed significant developments over the Centuries to accommodate its growing population.
The centrally located suburb, similarly to Fitzroy, Port Melbourne and St Kilda, has emerged as a multi cultural, gentrified district, embracing a wide range of cultures and ethnicities that make Ascot Vale a vibrant area to live in.
Located on the border of Moonee Ponds, Ascot Vale is close to three neighbouring suburbs only minutes away with major attractions. Not far is Melbourne Zoo and only a short drive away is trendy Brunswick and Fitzroy, buzzing with cafes, culture and activities. Nearby, the Melbourne Showgrounds and Flemington Racecourse are both home to some of the City’s most iconic events including the Melbourne Cup.
Transformed in recent years to accommodate a its ‘cosmopolitan’ audience, the suburb is particularly popular with 25 – 35 year olds looking to live close to the CBD while having access to the best amenities. Boutiques line Ascot Vale’s Pickles St, providing a vibrant atmosphere throughout the week. Close by, one of Melbourne’s largest shopping centres, Highpoint Shopping Centre, is particularly popular with residents.
For a suburb located closely to the City, Ascot Vale also enjoys fantastic access to nature and outdoor activities. The Maribyrnong River, providing picturesque views as well as plenty of opportunities to ‘get out there’ and experience nature with the family, beautifully surrounds the area. The suburb’s riverside also makes it popular with fitness and outdoor enthusiasts, including the Ascot Vale driving range and Riverside Golf & Tennis Centre.
Neighbouring Essendon also has some great quality primary and secondary schools, making Ascot Vale very popular with growing families after the luxury of a larger home while being close to their everyday needs.
Ascot Vale’s diverse arts, culture and lifestyle make it a particularly popular area for first time property buyers and investment purchasers. Apartment prices, particularly popular with first time buyers, reflect the affluent area and amenities nearby. A two-bedroom apartment in a block of six to twelve sells for approximately the $400,000 mark.
The style of homes in Ascot Vale reflects its rich history over the years, providing wide opportunities for DIY enthusiasts looking to increase the value of their investment. Industrial, post war built 1960’s and 1970’s homes in Ascot Vale are often European inspired, Victorian building, single or double fronted.
A single fronted, Victorian, renovated house will sit at approximately $750-800,000, while a double fronted, three bedroom, double garage will sit in the high $900,000 – $1M mark, depending on the property and condition. Young couples, looking for a 2 – 3 bedroom house can expect to see properties around the $750 – 900,000 mark.