Tremendous development opportunity. Residential area 1234.56m2
This property is ideally suited for future development as the allotment is only a stone throw from the main shopping area of Balaklava. The large allotment will suit many different possibilities subject to the normal development approvals. If you are the adventurous type, the old cottage could be renovated. Opportunities in this location do not present very often so make the most of this chance and have a look and see for yourself.
Additional feature - Location is near perfect..
The size of Balaklava is approximately 112.1 square kilometres. It has 10 parks covering nearly 1.2% of total area. The population of Balaklava in 2011 was 1,828 people. By 2016 the population was 2,055 showing a population growth of 12.4% in the area during that time. The predominant age group in Balaklava is 60-69 years. Households in Balaklava are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Balaklava work in a labourer occupation. In 2011, 70% of the homes in Balaklava were owner-occupied compared with 70.8% in 2016.
Balaklava has 1,282 properties. Over the last 5 years, Houses in Balaklava have seen a 74.52% increase in median value, while Units have seen a -18.74% decrease. As at 30 September 2024:
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