SOLD
Sold on 06 Feb 2024 for $335,000

706/8 Pearl River Road
Docklands VIC 3008

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 54m2
Land area: 3791m2
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Property Details for 706/8 Pearl River Rd, Docklands

706/8 Pearl River Rd, Docklands is a 1 bedroom, 1 bathroom Unit and was built in 2017. The property has a land size of 3791m2 and floor size of 54m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 1 bedroom Unit sold in Docklands in the last 12 months.

Building Type
Unit
Year Built
2017
Floor Size
54m2
Land Size
3791m2
Local Government
Melbourne
Lot/Plan
706/PS728852

Last Listing description (February 2024)

Situated in the magnificent Marina Tower which proudly offers state-of-the art facilities, beautiful views and a lifestyle embracing the benefits of both inner-city and waterfront living. This apartment also features a cutting-edge interior with open living and dining zone, balcony, sparkling bathroom/laundry and a sleek stone kitchen with prestige stainless steel appliances.

- Current Rental at $450 per week ending Nov 2023

- Rent Review at current market condition is $500-$520 per week.

- Enjoy an ultra-convenient waterfront lifestyle

- Video intercom security

- Split-system heating & cooling

- Exceptional potential within a desirable building for both corporate tenants and owner occupiers

Amenities

The spectacular Marina Tower, arguably one of the finest developments in the Docklands precinct offering residents resort-style amenities including access to a lobby lounge, library, meeting rooms. private business centre, cinema, private dining room and kitchen, billiard room, rooftop lap-pool, expansive deck and fully-equipped gym.

Location

There is so much to enjoy in the NewQuay precinct, with its easy access to the vibrant food and entertainment hub that is The District Docklands including the Hoyts Cinema and Melbourne Star; plus an array of waterside restaurants and bars, Marvel Stadium for footy fans or the Capital City Bike Trail and easy access to Ron Barassi Snr Park,

Accessibility to the rest of Melbourne and some of the city's best universities is also taken care of thanks to nearby free trams, Southern Cross Station plus the Skybus service to Melbourne Airport when required.

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Property History for 706/8 Pearl River Rd, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$335,000
06 Feb 2024
Listed for Rent
$400/w
25 Jun 2018
  • 06 Feb 2024
    Sold for $335,000
  • 18 Oct 2023
    Listed for Sale Not Disclosed
  • 25 Jun 2018
    Listed for Rent $400 / 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 15,630 properties. Over the last 5 years, Houses in Docklands have seen a -26.83% decrease in median value, while Units have seen a -4.78% decrease. As at 30 September 2024:

  • The median value for Houses in Docklands is $1,750,400 while the median value for Units is $604,426.
  • Houses have a median rent of $650 while Units have a median rent of $650.
There are currently 72 properties listed for sale, and 43 properties listed for rent in Docklands on OnTheHouse. According to CoreLogic's data, 687 properties were sold in the past 12 months in Docklands.

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