508/387 Docklands Drive, Docklands VIC 3008

1-bedroom Docklands unit | low-maintenance balcony | stable long-term building community | high rental yield potential This property occupies a specific and defensible position in the Docklands market. The 1-bedroom configuration with a private balcony is relatively scarce in this building, and the 6-7% rental yield is materially above the Melbourne inner-city average, meaning an investor or first-home buyer who purchases here secures a genuine income advantage from day one. The building’s resident profile—over half staying 6–10 years—is a strong signal of management quality and livability that reduces vacancy risk. For a buyer seeking a low-maintenance entry point with reliable cash flow, this unit is competitively priced against comparable stock. The primary risk is valuation uncertainty: the $330,000–$355,000 asking range sits well below the $465,000 estimate, which may indicate a compromised floor plan, lower floor level, or deferred maintenance that a buyer must verify through independent inspection and comparable sales analysis. The 2017 last sale date means the property has not been tested in a rising market, and the April 2026 listing timing suggests possible vendor motivation. However, the building’s low turnover and established community offset some of that risk. The buyer’s strategy should be to negotiate firmly within the listed range, hold for rental income, and avoid overcapitalising on cosmetic upgrades.