Ultimate adaptability defines this classical shop front and its accompanying dwelling, each entirely functional at present, both offering significant further scope in a location that captures the soul of Carlisle Street's renowned retail and caf culture. The polished floorboards and pressed metal ceiling of the commercial space contribute to the character of its surroundings while period residential rooms include a central living area and three upstairs bedrooms, one accompanied by a traditional balcony overlooking the streetscape. A serviceable bathroom and a generous kitchen reflect the rewarding potential of a property further enhanced by the opportunity to add off street parking to its deep courtyard backdrop, STCA.
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 3,566 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:
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