2902/1 Point Park Cres, Docklands VIC 3008

panoramic river views | sub-penthouse scale | premium Docklands address | triple-bedroom plus study This property occupies a strong position in the Docklands market, offering a rare sub-penthouse configuration with three bedrooms plus a separate study and a full-length balcony that captures both Yarra River and city skyline views. The 180-square-metre internal area is generous for the precinct, and the inclusion of two secure car spaces with a storage cage adds practical appeal for owner-occupiers seeking long-term liveability. The building’s amenity set—pool, gym, sauna, rooftop garden—is comprehensive enough to reduce reliance on external facilities, which strengthens the property’s competitive edge against newer but smaller apartments. It suits professional couples or downsizers who prioritise space, outlook, and building quality. The flood overlay detected on the lot is a specific risk that warrants due diligence on insurance costs and strata obligations, particularly given the property sits near water. The estimated value of $641,000 appears misaligned with the current listing price of $2.3 million and the 2011 sale of $1.715 million, suggesting either a data error or a significant gap between valuation and market expectation. Buyers should verify recent comparable sales in the building to gauge realistic entry points. The land size of 1.07 acres is likely a strata lot share, not exclusive land, so it does not confer development upside. Overall, the property’s appeal is strongest for those seeking established quality and views, but pricing discipline and flood risk assessment are critical.