OFF MARKET

16 Balston Street
Balaclava VIC 3183

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 393m2
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Property Details for 16 Balston St, Balaclava

16 Balston St, Balaclava is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 393m2. While the property is not currently for sale or for rent, it was last sold in December 2021.

Building Type
House
Land Size
393m2
Local Government
Port Phillip
Lot/Plan
PC381938

Last Listing description (July 2024)

A prime Balaclava location sets the stage for this double-fronted residence with off-street-parking. A blank canvas for those seeking a charming residential haven, and nestled in a tree-lined street, this Victorian gem holds limitless potential.

Unlock the possibilities of creating your dream home envisioned by RCA Studios or embark on your own design (STCA). With an array of lifestyle amenities nearby, this property will captivate investors, builders, and families alike.

Preliminary groundwork has been completed, including the approved removal of two significant trees and the re-alignment and consolidation of title boundaries. This has resulted in an increased land size to a generous 393m2 (approx.). In addition, a planning permit has been secured for a luxurious 4-bedroom home, meticulously designed by renowned architects, RCA Studios. Plans are available upon request.

Superbly located near Carlisle Street, Balaclava Train Station, and Alma Park, the property is within a short walk of some of Melbourne's premier cafes, bars, and restaurants. Additionally, it offers easy access to several kindergartens and schools.

This represents a rare chance to acquire a charming, permit-approved double-fronted Victorian cottage in the highly sought-after Balaclava locale

Property History for 16 Balston St, Balaclava, VIC 3183

A timeline of how this property has performed in the market
Last Sold
$1,400,000
21 Dec 2021
  • 12 Oct 2023
    Listed for Sale $1,469,000
  • 21 Dec 2021
    Sold for $1,400,000
  • 22 Nov 2021
    Listed for Sale $1,450,000
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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 3,565 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 4 properties listed for rent in Balaclava on OnTheHouse. According to CoreLogic's data, 145 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.