SOLD
Sold on 10 Feb 2024 for $670,000

503/5 Caravel Lane
Docklands VIC 3008

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 87m2
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Lucas - Melbourne & Docklands
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Property Details for 503/5 Caravel Lane, Docklands

503/5 Caravel Lane, Docklands is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2001. The property has a floor size of 87m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Docklands in the last 12 months.

Building Type
Unit
Year Built
2001
Floor Size
87m2
Local Government
Melbourne
Lot/Plan
E503/PS438893

Last Listing description (March 2024)

Ticking every single box imaginable when it comes to stylish, spacious, and ultra-quality NewQuay precinct living, this incredible two-bedroom, two-bathroom apartment in Boyd Tower is an inspired offering. Sleekly fitted out and with memorable south-east views, youll never regret making the switch to this Docklands dream.

You have an expansive 98 sqm (approx.) of space to enjoy!
Beautiful wide plank timber floors are a striking feature of the generous lounge and dining area

Balcony showcases views across the gardens, Victoria Harbour, and towards the CBD
Deluxe kitchen boasts a sizeable breakfast bar and stainless steel appliances
Main bedroom features a wide and sizeable study nook, built-in robe storage, and a private ensuite
2nd bedroom with BIR
Premium central bathroom with separate shower and bathtub
Separate laundry room
Reverse cycle heating and cooling
Secure intercom
Secure car space
Storage cage

PROPERTY SIZE
Internal 88sqm
External 10sqm
Total Size 98sqm

AMENITIES
Residents of Boyd Tower have access to a BBQ area, pool, gym, residents garden, and function room.

LOCATION
Near The District Docklands which features Hoyts Cinemas, Woolworths supermarket, Dan Murphys, Chemist Warehouse, and a wide range of specialty shops & restaurants. Youre also close to Capital City Trail, Docklands Primary School and kindergarten, Marvel Stadium, leading universities, trams including the free City Circle line, Southern Cross Station, and a short walk to the Port Phillip Ferries.

All information including the internal and external property area (floor size, address, and general property description) on the website has been provided to Lucas Real Estate by third parties.
Information contained on the website should not be relied upon and homebuyers are encouraged to undertake due diligence before a property purchase.

Please contact Cherie Tomkins on 0490 816 760 or Thomas Tregonning on 0413 317 304 to discuss this property further.

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Property History for 503/5 Caravel Lane, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$670,000
10 Feb 2024
Listed for Rent
$550/w
08 Jun 2012
  • 10 Feb 2024
    Sold for $670,000
  • 30 Nov 2023
    Listed for Sale $625,000 - $675,000
  • 16 Nov 2021
    Sold for $592,500
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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 15,618 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 88 properties listed for sale, and 50 properties listed for rent in Docklands on OnTheHouse. According to CoreLogic's data, 684 properties were sold in the past 12 months in Docklands.

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