SOLD
Sold on 22 Apr 2024 for $495,000

7/16 The Avenue
Balaclava VIC 3183

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 59m2
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Property Details for 7/16 The Avenue, Balaclava

7/16 The Avenue, Balaclava is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a floor size of 59m2. While the property is not currently for sale or for rent, it was last sold in April 2024. There are other 2 bedroom Unit sold in Balaclava in the last 12 months.

Building Type
Unit
Year Built
1970
Floor Size
59m2
Local Government
Port Phillip
Lot/Plan
7/PS743058

Last Listing description (May 2024)

In a smartly refurbished boutique building just a short stroll from Carlisle Street, this stylish first floor apartment is sun filled surprise with the best of the inner city at its doorstep. A spacious, open living/dining domain provides the perfect place to rest and recharge next to a fully equipped contemporary kitchen with dining bar. Two bedrooms both include floor to ceiling mirrored BIRs complemented by an immaculate stone bathroom and concealed laundry facilities. Split heating/cooling, intercom security and secure parking complete a wonderfully appealing low maintenance home that whilst peaceful and private, is just footsteps from fabulous amenities. Walk to three tram lines, Balaclava trains, Carlisle Street shops, cafes, restaurants and bars, charming Ripponlea Village, William Street Reserve and Greenmeadows Gardens. Minutes to Glen Huntly Road and Chapel Street precincts, Classic Cinema, excellent schools, and a host of other lifestyle hotspots.

Property History for 7/16 The Avenue, Balaclava, VIC 3183

A timeline of how this property has performed in the market
Last Sold
$495,000
22 Apr 2024
Listed for Rent
$350/w
04 Dec 2020
  • 22 Apr 2024
    Sold for $495,000
  • 27 Mar 2024
    Listed for Sale Private Sale: $496,000 - $515,000
  • 14 Sep 2020
    Listed for Rent $420 / 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 13.50% increase in median value, while Units have seen a 2.29% increase. As at 30 September 2024:

  • The median value for Houses in Balaclava is $1,445,432 while the median value for Units is $587,678.
  • Houses have a median rent of $779 while Units have a median rent of $520.
There are currently 1 property listed for sale, and 3 properties listed for rent in Balaclava on OnTheHouse. According to CoreLogic's data, 149 properties were sold in the past 12 months in Balaclava.

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