SOLD
Sold on 14 Mar 2024 for $1,720,000

1 Penny Lane
Balaclava VIC 3183

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 161m2
Land area: 199m2
Sold By
Belle Property Armadale
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Property Details for 1 Penny Lane, Balaclava

1 Penny Lane, Balaclava is a 3 bedroom, 2 bathroom House and was built in 2006. The property has a land size of 199m2 and floor size of 161m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 3 bedroom House sold in Balaclava in the last 12 months.

Building Type
House
Year Built
2006
Floor Size
161m2
Land Size
199m2
Local Government
Port Phillip
Lot/Plan
2/PS518630

Last Listing description (April 2024)

Expressions of Interest Closing 26th March 5.00pm.

Uncover a world of unparalleled sophistication and exclusivity with this architect designed two storey three bedroom, two bathroom contemporary residence nestled on its own captivating lane.
The home exudes a unique warehouse inspired atmosphere, enhanced by lush, leafy surroundings and streaming natural light from northerly aspects. Entertain in complete privacy within the north facing courtyard area which has a wonderful atmosphere and the perfect amenity including a covered dining area, integrated BBQ, seating and audio system.

With polished concrete flooring and banks of windows, the generous north-facing living and dining zone frames the garden creating a very private and peaceful living space, while a fireplace wrapped in floor-to-ceiling stone is a delightful feature. Caf doors in the kitchen create a seamless indoor outdoor flow for entertaining, while appointments include a freestanding Ilve oven with gas cooktop, dishwasher, walk-in pantry, stone benchtops and breakfast bar.

Upstairs, the generous main bedroom is spoilt with a large walk-in robe and stylish stone ensuite, while two further bedrooms with built-in robes are served by a main sky-lit bathroom with a separate bath and shower.

Comprehensive appointments include remote garaging for two cars, solar panels, excellent storage, split system heating and air conditioning, powder room, security intercom entrance and separate laundry.

Embrace the allure of this one-of-a-kind dwelling, where every detail has been thoughtfully crafted to create a living experience in a class of its own moments from cosmopolitan Carlisle Street, Balaclava Station, trams, cafes and restaurants.

Property History for 1 Penny Lane, Balaclava, VIC 3183

A timeline of how this property has performed in the market
Last Sold
$1,720,000
14 Mar 2024
  • 14 Mar 2024
    Sold for $1,720,000
  • 27 Feb 2024
    Listed for Sale $1,720,000
  • 15 May 2012
    Transferred
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About Balaclava 3183

The size of Balaclava is approximately 0.8 square kilometres. It has 3 parks covering nearly 1.8% of total area. The population of Balaclava in 2011 was 5,382 people. By 2016 the population was 5,404 showing a population growth of 0.4% in the area during that time. The predominant age group in Balaclava is 30-39 years. Households in Balaclava are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Balaclava work in a professional occupation. In 2011, 42.8% of the homes in Balaclava were owner-occupied compared with 43.4% in 2016.

Balaclava has 3,570 properties. Over the last 5 years, Houses in Balaclava have seen a 3.98% increase in median value, while Units have seen a 0.93% increase. As at 31 October 2024:

  • The median value for Houses in Balaclava is $1,391,409 while the median value for Units is $589,301.
  • Houses have a median rent of $763 while Units have a median rent of $525.
There are currently 3 properties listed for sale, and 5 properties listed for rent in Balaclava on OnTheHouse. According to CoreLogic's data, 151 properties were sold in the past 12 months in Balaclava.

Suburb Insights for Balaclava 3183

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.