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Sold on 22 Jul 2024 for $670,000

1605/5 Caravel Lane
Docklands VIC 3008

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 1605/5 Caravel Lane, Docklands

1605/5 Caravel Lane, Docklands is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 2 bedroom Apartment sold in Docklands in the last 12 months.

Building Type
Apartment

Last Listing description (July 2024)

Sky-high living at its finest. This stunning 2-bedroom, 2-bathroom apartment epitomises an enviable city lifestyle. Boasting uninterrupted views of Melbourne CBD, Docklands, and the Yarra River, you'll want to come home each and every night.

This rare opportunity features a large open-plan kitchen, meals, and family area with a large double sliding door, allowing unparalleled indoor-outdoor living to the balcony. The kitchen is well-equipped with a gas cooktop, electric oven, dishwasher, sink, and ample bench space. The stone benchtops allow easy cleaning, and the added breakfast bar ensures busy mornings are manageable.

The master bedroom is large and functional, with space for its own living area, private balcony access, walk-in robe, and a spacious ensuite including a bath and spacious vanity. The secondary bedroom can be used for guests, a single child, or alternatively as a study, and essentially has its own bathroom across the hall. A convenient euro laundry ensures that this apartment is both sophisticated and functional.

Relax with the abundance of apartment facilities including a heated pool, full gym, gardens, and an event space that can be booked. Additional features of this home include a secure single carpark, intercom system, split-system heating and cooling, and close proximity to prestigious universities and The District Docklands.

FEATURES:
• 2 Bedrooms
• Main Bedroom with Full Ensuite and Walk-in Robe
• 2 Bathrooms
• Open Plan Kitchen, Dining, Living
• Stone Benchtops
• Gas Cooktop
• Electric Oven
• Dishwasher
• European Laundry
• Two Balconies
• Panoramic Views of Melbourne CBD and Docklands
• Carpet and Tiles
• Split System x1 in Living
• Intercom
• Secure parking for 1 car
• Apartment Facilities (Gym, Pool, Event Room and Garden)

LOCATION:
Located at 5 Caravel Lane, Docklands, this apartment offers stunning water views and an enviable lifestyle. Enjoy the serene waterfront ambiance while being just moments away from the vibrant Melbourne CBD. Proximity to renowned educational institutions such as the University of Melbourne and RMIT University makes it ideal for students and academics alike. Nearby, you will find convenient shopping options at The District Docklands, including a range of retail stores, dining options, and entertainment venues. For additional retail therapy, DFO South Wharf offers a plethora of discount outlets. The area is also rich with attractions like the Melbourne Star Observation Wheel, Marvel Stadium, and a variety of parks and promenades. Commuting is effortless with easy access to major tram routes and Southern Cross Station, ensuring seamless connectivity throughout Melbourne. This prime location blends the best of waterfront living with urban convenience and accessibility.

On Site Auction Saturday 13th of July at 3:30pm

Property History for 1605/5 Caravel Lane, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$670,000
22 Jul 2024
Listed for Rent
$675/w
23 Feb 2023
  • 12 Jul 2024
    Sold for $670,000
  • 20 Jun 2024
    Listed for Sale UNDER CONTRACT
  • 23 Feb 2023
    Listed for Rent $675 / week
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About Docklands 3008

The size of Docklands is approximately 2.8 square kilometres. It has 12 parks covering nearly 5.3% of total area. The population of Docklands in 2011 was 5,790 people. By 2016 the population was 10,974 showing a population growth of 89.5% in the area during that time. The predominant age group in Docklands is 20-29 years. Households in Docklands are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Docklands work in a professional occupation. In 2011, 36.4% of the homes in Docklands were owner-occupied compared with 34.5% in 2016.

Docklands has 15,616 properties. Over the last 5 years, Houses in Docklands have seen a -51.20% decrease in median value, while Units have seen a -9.46% decrease. As at 31 October 2024:

  • The median value for Houses in Docklands is $1,032,525 while the median value for Units is $590,125.
  • Houses have a median rent of $660 while Units have a median rent of $650.
There are currently 90 properties listed for sale, and 52 properties listed for rent in Docklands on OnTheHouse. According to CoreLogic's data, 678 properties were sold in the past 12 months in Docklands.

Suburb Insights for Docklands 3008

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Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.