98 South Wharf Drive, Docklands VIC 3008
98 South Wharf Drive, Docklands VIC 3008
Large family townhouse in Docklands | Rare 4-bedroom, 3-car configuration | Three-level waterfront living | School catchment appeal | Flood overlay awareness
This townhouse is positioned as a notably uncommon offering in Docklands, where the housing stock is heavily weighted toward apartments and smaller units. The four-bedroom, three-bathroom layout with parking for three cars gives it a family-oriented, space-rich profile that is seldom available in a waterfront inner-city precinct. It is best suited to upsizers, downsizers seeking room without a suburban commute, or professional households who prioritise school catchments—Port Melbourne primary and secondary zones are indicated. The three-level configuration and approximate 341-square-metre total area further reinforce its competitive edge as a low-density, high-utility residence in a location that typically trades density for convenience.
The presence of a flood overlay in the immediate precinct is a factor that may influence insurance costs and long-term resale considerations. While not a disqualifier, a buyer should weigh how this might affect holding costs and financing. The suburb’s commercial and apartment-dominated character could also narrow the pool of future family buyers, which may temper price growth relative to purely residential suburbs. These elements, together with the property’s unusual scale, are worth exploring in detail before forming a view on value.
Detailed Independent Property Report prepared by PropCred Analyst team for 98 South Wharf Drive, Docklands VIC 3008
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Docklands is a modern, high-density waterfront precinct offering a dynamic urban lifestyle. Demand is driven by professionals and investors seeking convenience and rental returns, evidenced by strong rental growth and quicker unit sales. Recent price trends show a softening house market with extended selling times, while units demonstrate relative stability. Future growth is anchored in its ongoing development and rental appeal, though sensitivity to broader market conditions and limited house turnover present notable constraints.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
3
Land
135m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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