SOLD
Sold on 24 Dec 2023 for $687,000

501/98 River Esplanade
Docklands VIC 3008

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 71m2
Land area: 4731m2
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Property Details for 501/98 River Esp, Docklands

501/98 River Esp, Docklands is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2004. The property has a land size of 4731m2 and floor size of 71m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 2 bedroom Unit sold in Docklands in the last 12 months.

Building Type
Unit
Year Built
2004
Floor Size
71m2
Land Size
4731m2
Local Government
Melbourne
Lot/Plan
587/PS428541

Last Listing description (November 2023)

This extremely spacious one-bedroom apartment resides on the top floor of the keenly sought-after Tower 5 Podium complex - undoubtedly one of the finest looking towers in Docklands. The striking building has taken design to a new level and the theme is flawlessly carried through and superbly reflected in this fine podium offering.

- Interior designed with water and city views as backdrop
- Light-filled living and dining area

- Spacious balcony accessible from living area and bedroom
- Well-equipped kitchen with full range of appliances
- En-suite bathroom and built-in robes in bedroom
- Concealed European laundry
- Convenient car space and storage on the same floor

You will also get to enjoy access to the renowned RekDek pool and gym as well as get to enjoy the thriving lifestyle attractions in and around the vicinity including popular restaurants, bars and shops, Etihad Stadium and transport.

The current leasing potential is $680pw

For further information contact:
Andrew Chen 0490 816 861

Property History for 501/98 River Esp, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$687,000
24 Dec 2023
Listed for Rent
$630/w
02 Mar 2020
  • 24 Dec 2023
    Sold for $687,000
  • 16 Oct 2023
    Listed for Sale Contact Agent
  • 06 Jan 2020
    Listed for Rent $630 / 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.

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Disclaimer
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.