SOLD
Sold on 12 Dec 2023 for $678,000

706/5 Caravel Lane
Docklands VIC 3008

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 88m2
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LUCAS REAL ESTATE
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Property Details for 706/5 Caravel Lane, Docklands

706/5 Caravel Lane, Docklands is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2002. The property has a floor size of 88m2. 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
2002
Floor Size
88m2
Local Government
Melbourne
Lot/Plan
E706/PS438893

Last Listing description (March 2024)

Stunningly bright thanks to an enviable corner position, boasting harbour views that are unforgettable, and with a treasured place on the 7th floor of Boyd Tower, this two-bedroom, two-bathroom apartment is an eye-catching example of modern Docklands living.

Make the most of 98 sqm (approx.) of memorable
Corner lounge and dining area is awash in light and features dazzling timber floors throughout

Main balcony provides sensational views of the harbour
Elegant kitchen delivers a breakfast bar, timber cabinetry, and stainless steel appliances
Main bedroom offers a walk-in robe, stylish ensuite, extended study nook, and entry out to a 2nd balcony also with water views
2nd bedroom has views and BIR storage
Quality central main bathroom
European laundry
Reverse cycle heating and cooling
Secure intercom
Secure car space

PROPERTY SIZE
Internal 88sqm
External 10sqm
Total 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 Thomas Tregonning on 0413 317 304, Lynn Lum on 0474 044 293, or Cherie Tomkins on 0490 816 760 to discuss this property further.

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Property History for 706/5 Caravel Lane, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$678,000
12 Dec 2023
Listed for Rent
$450/w
04 Mar 2021
  • 12 Dec 2023
    Sold for $678,000
  • 27 Nov 2023
    Listed for Sale $600,000 - $660,000
  • 28 Jan 2021
    Listed for Rent $450 / 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 15,618 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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