SOLD
Sold on 21 Dec 2023 for $2,000,000

8/7 Nelson Street
Balaclava VIC 3183

Bedrooms: 4
Bathrooms: 3
Car spaces: 3
Floor area: 68m2
Land area: 2424m2
Sold By
Katie Ryan
Jellis Craig Port Phillip
Sam Hobbs
Jellis Craig Port Phillip
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Property Details for 8/7 Nelson St, Balaclava

8/7 Nelson St, Balaclava is a 4 bedroom, 3 bathroom Unit with 3 parking spaces and was built in 2008. The property has a land size of 2424m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in December 2023. There are other 4 bedroom Unit sold in Balaclava in the last 12 months.

Building Type
Unit
Year Built
2008
Floor Size
68m2
Land Size
2424m2
Local Government
Port Phillip
Lot/Plan
22/PS831127

Last Listing description (December 2023)

Please make contact for a private inspection.

Impeccably crafted by MAArchitects, this extraordinarily large multi-level home epitomises contemporary brilliance. Unveiling a stunning Scandinavian-inspired aesthetic and a thoughtfully designed layout for families, it offers effortless luxury illuminated by natural light and exquisite finishes, promising an unrivalled living experience in the heart of Melbourne's most desirable urban settings.

Peacefully tucked away at the rear of a boutique group and boasting basement parking for three vehicles, it is awash with uninterrupted northern sunlight, inviting a seamless flow to outdoor spaces that entice. Instantly impactful, the free-flowing ground floor reveals a state-of-the-art Smeg-appointed kitchen with a range stove, integrated Miele fridge/freezer and oversized island bench with soft-close storage and room to entertain friends and family. Enjoying significant space and storage, the first-floor main suite comprises a spacious bedroom, private ensuite bathroom, and walk-through fitted robes. Soaring ceilings afford depth and dimension to an airy interior, revealing three additional bedrooms and bathrooms over two levels, including the top-floor bedroom with an adjoining retreat area and roof-top balcony.

Further highlights include a study/nursery, hydronic heating, reverse-cycle heating/cooling, skylights, under-stair storage, video intercom, a European laundry, a storage cage and storage room, a powder room, solar panels with a backup battery, electric vehicle chargers, bike racks and wiring for two separate Wi-Fi networks. Experience the exhilaration of living at the heart of it all, set on the cusp of Carlisle Street's renowned cafe and dining scene, excellent schools, Chapel Street, Balaclava Station and trams heading to St Kilda Beach and the CBD.

Property History for 8/7 Nelson St, Balaclava, VIC 3183

A timeline of how this property has performed in the market
Last Sold
$2,000,000
21 Dec 2023
Listed for Rent
$1.35k/w
13 Sep 2022
  • 21 Dec 2023
    Sold for $2,000,000
  • 23 Oct 2023
    Listed for Sale $2,100,000
  • 27 Jul 2022
    Listed for Rent $1,350 / 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 3,570 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 5 properties listed for rent in Balaclava on OnTheHouse. According to CoreLogic's data, 151 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.