14 Nelson St, Balaclava is a 6 bedroom, 3 bathroom House. The property has a land size of 368m2 and floor size of 99m2.
Situated within the rare RGZ1 zone, this 343sqm approx. site with 26m frontage is enhanced by approved plans and town planning permit for six three- and four-bedroom town residences, all with parking.
With further scope to amend the plans if desired (STCA) or to restore and retain the current three two-bedroom brick units as investments - this property represents a truly exciting and unique opportunity.
Positioned in the ultimate inner-city lifestyle location that is bustling Balaclava, just moments from Carlisle Street's trendy cafe and cuisine scene with easy beach and city access via local trams and nearby Balaclava Station.
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 3,611 properties. Over the last 5 years, Houses in Balaclava have seen a 22.25% increase in median value, while Units have seen a 4.73% increase. As at 31 July 2024:
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