1506/387 Docklands Drive, Docklands VIC 3008

Dual balconies north-west | Water views from multiple rooms | M Docklands complex | Walk to CBD and La Trobe Street The dual-aspect configuration with north and west-facing balconies is uncommon in this precinct, giving the apartment natural light across the day and views that hold their appeal better than lower-floor equivalents. The 91sqm floorplate with two bathrooms and a dedicated study area positions it well for professional couples or investors targeting tenants who work from home, as the layout competes with newer stock without the premium price tag. The M Docklands complex offers resident amenities that reduce the need for external memberships, and the proximity to both the water and La Trobe Street means the location works for car-light households. The primary risk is that the property last sold in 2016 for $766,000, and current market conditions may not support a return to that level quickly, meaning a buyer paying near the top of the range could face a flat capital growth period. The dual balconies and water orientation are durable advantages, but the complex itself is part of a larger development zone where new supply could cap appreciation. For an owner-occupier, this works as a long-term hold with lifestyle benefit; for an investor, the yield from a two-bedroom apartment in this corridor is modest but stable, and the study area improves tenant retention. Hold for five years minimum to recoup transaction costs.