SOLD
Sold on 05 Jun 2024 for $488,000

5/55 Elm Grove
Balaclava VIC 3183

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 58m2
Land area: 600m2
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Property Details for 5/55 Elm Gr, Balaclava

5/55 Elm Gr, Balaclava is a 2 bedroom, 1 bathroom Unit and was built in 1960. The property has a land size of 600m2 and floor size of 58m2. While the property is not currently for sale or for rent, it was last sold in June 2024. There are other 2 bedroom Unit sold in Balaclava in the last 12 months.

Building Type
Unit
Year Built
1960
Floor Size
58m2
Land Size
600m2
Local Government
Port Phillip
Lot/Plan
5/PS306419

Last Listing description (September 2024)

Ideally located on the top, first floor of a well-maintained boutique block of only 6 apartments, this updated two-bedroom apartment showcases a spacious floorplan and is conveniently positioned within easy access to local parks, public transport and Carlisle Street and Glen Eira Rd Shopping District.

- Generous living and dining areas bathed in morning sun
- Wood look flooring throughout with split system in second bedroom

- Neat kitchen with gas cooking with room for breakfast table
- Double bedrooms come fitted with mirrored built-in robes
- Fully tiled bathroom, shower over bath and laundry taps
- Securely gated with intercom entry and single car parking at rear
- Short walk to Ripponlea Station and Brighton Road tram stops
- Moments to local parks, Ripponlea village, lifestyle amenities

Property History for 5/55 Elm Gr, Balaclava, VIC 3183

A timeline of how this property has performed in the market
Last Sold
$488,000
05 Jun 2024
Listed for Rent
$395/w
29 Aug 2022
  • 05 Jun 2024
    Sold for $488,000
  • 24 Apr 2024
    Listed for Sale Not Disclosed
  • 22 Jul 2022
    Listed for Rent $395 / week
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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 3,614 properties. Over the last 5 years, Houses in Balaclava have seen a 17.53% increase in median value, while Units have seen a 5.54% increase. As at 31 August 2024:

  • The median value for Houses in Balaclava is $1,453,554 while the median value for Units is $590,351.
  • Houses have a median rent of $913 while Units have a median rent of $500.
There are currently 1 property listed for sale, and 2 properties listed for rent in Balaclava on OnTheHouse. According to CoreLogic's data, 150 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.