708/39 Caravel Lane, Docklands VIC 3008

2-bedroom apartment in Docklands | 84sqm internal with one car space | compact floorplan in a large complex | established building with school catchment access This property offers a rare combination of a genuinely usable 84-square-metre internal area and an allocated car space within Docklands, a precinct where many apartments sacrifice liveability for density. The floorplan is compact but functional, and the inclusion of parking removes a significant rental or resale friction point. For a first-home buyer or investor targeting the lower end of the Docklands market, this unit competes well against newer stock that often delivers smaller rooms and no car space. Its position within a 3920-square-metre lot suggests shared amenities and a building with some scale, which can support better body corporate outcomes than a smaller boutique block. The key risk is the building’s age relative to newer Docklands developments—finishes and common areas may feel dated, and the 84-square-metre internal area, while generous, does not guarantee a well-configured layout. Buyers should inspect for natural light and noise from common corridors. The absence of rental history in the data means yield assumptions must be tested against comparable lettings. Strategically, this property suits a buyer seeking a hold-and-occupy position with moderate capital growth tied to Docklands’ long-term infill, or a conservative investor prioritising parking and space over flash.