803/70 Lorimer Street, Docklands VIC 3008
803/70 Lorimer Street, Docklands VIC 3008
Spacious 143m² apartment | 2 beds/2 baths/2 cars | Tower 3 marina position | Flood overlay noted|This two-bedroom apartment spanning 143m² with dual parking suits couples or professionals drawn to harbourside living in a structured complex. Its generous internal area sets it apart from smaller Docklands units, offering practical space for comfortable daily use without the maintenance of a house. Positioned in Tower 3 of the 70 Lorimer Street building, it benefits from established on-site amenities like a gym and pool that enhance resident convenience. Within the street’s high-rise cluster, this mid-level unit aligns with similar apartments attracting downsizers and investors who value secure parking and proximity to the marina. Comparable two-bedroom units in the complex have shown steady holding periods, often 10+ years, reflecting reliable long-term occupancy. The 143m² size positions it favourably against typical 100m² or smaller peers, appealing to buyers seeking more substantial living areas amid Docklands’ competitive apartment market. A flood overlay introduces due diligence for risk-aware purchasers, yet reliable fibre and 5G coverage support modern work-from-home needs. Overall, its scale and facilities underpin holding value in a precinct where larger apartments maintain appeal for stable tenancy or personal use. Properties like this tend to draw steady interest from maritime enthusiasts or CBD commuters, balancing lifestyle with urban access.
Detailed Independent Property Report prepared by PropCred Analyst team for 803/70 Lorimer Street, Docklands VIC 3008
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Docklands is a high-density waterfront precinct dominated by apartment developments. Housing demand is driven largely by investors and professionals seeking proximity to the CBD. Property prices fluctuate with supply cycles but rental demand remains strong. Waterfront living and employment proximity define the suburbs appeal.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
143m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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