SOLD
Sold on 05 Feb 2024 for $625,000

708/20 Rakaia Way
Docklands VIC 3008

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 80m2
Sold By
Barry Plant Docklands & Yarra's Edge
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Property Details for 708/20 Rakaia Way, Docklands

708/20 Rakaia Way, Docklands is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2001. The property has a floor size of 80m2. 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
80m2
Local Government
Melbourne
Lot/Plan
708/PS434030

Last Listing description (April 2024)

Explore the perfect fusion of urban energy and waterfront tranquility at Arkley, situated in the heart of Docklands. Whether you're enticed by the buzz of city living or the calm embrace of waterside panoramas, Docklands offers an unparalleled lifestyle.

Nestled within the sought-after 'Arkley' tower in the New Quay precinct, this two-bedroom apartment provides an ideal retreat for families or savvy investors seeking enchanting water views.

The living, dining, and kitchen spaces seamlessly flow onto a balcony with a glass balustrade, epitomizing the essence of comfortable living.

The kitchen, complete with a peninsula bench and integrated stainless-steel appliances, features a 4-burner gas stove top, electric oven, and dishwasher. Ample above and below bench storage enhances functionality.

Both bedrooms boast built-in robes, with the main bedroom featuring a private balcony and sharing a central bathroom with a bathtub and shower. Additionally, there's a separate powder room, European laundry and storage cage.

Key Features:

- Split system air conditioner
- In-room storage cage
- Designated parking space

Complex Amenities:

- Onsite manager
- Security intercom access
- Secured garage access
- Swimming pool, gymnasium, golf net, and communal garden area

Conveniently located near The District Docklands Shopping, Hoyts cinemas, and Market Lane Food Hall. Proximity to Docklands Primary School and a short stroll to Ron Barassi SNR Park caters to your recreational needs.

Effortless transportation with Free Tram Zone access and a brief walk to Southern Cross station.

Immerse yourself in the vibrant allure of Docklands, where residents proudly call it home-where security, shopping, and a dynamic lifestyle converge for your utmost enjoyment.

Property History for 708/20 Rakaia Way, Docklands, VIC 3008

A timeline of how this property has performed in the market
Last Sold
$625,000
05 Feb 2024
  • 05 Feb 2024
    Sold for $625,000
  • 14 Dec 2023
    Listed for Sale $605,000 to $635,000
  • 18 Mar 2017
    Sold for $570,000
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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.

Suburb Insights for Docklands 3008

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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.