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Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.

Location
Market Insights for Balaclava VIC 3183
New Listings (last 30 days)
8
Average price
$524,375
Lowest price
$355,000
Highest price
$800,000
Other properties in this postcode

4/22 Sycamore Grove, Balaclava VIC 3183

Listed: 10th Jul 2026
Overview

Situated within a boutique collection, this spacious first-floor apartment provides a tranquil living environment enriched by abundant natural light and a thought-out functional layout. It is perfectly placed near the cultural and culinary draws of Ripponlea Village and the bustling Carlisle Street, giving residents easy access to cafes, eateries, and specialty shops, lending a vibrant village atmosphere to everyday life.

  • Easy off-street parking adds practical convenience to the lifestyle, making vehicle access and security straightforward.
  • The well-appointed kitchen features stone-look benchtops and stainless steel appliances, including a gas cooktop and rangehood, alongside generous bench and storage space. The inclusion of an internal laundry cleverly integrated within the kitchen footprint enhances functionality without sacrificing space.
  • Two generously sized bedrooms with built-in storage offer comfortable personal zones enhanced by natural light, meeting diverse household needs.
  • The central bathroom's design focus on cleanliness and accessibility supports daily routines.
  • A spacious open-plan living and dining area, equipped with split-system air-conditioning, ensures year-round comfort and an inviting social hub for residents.
  • Its proximity to local parks, schools, and transport options such as trams, buses, and Ripponlea Station ensures excellent connectivity both within the community and to Melbourne CBD, supporting a balanced and convenient lifestyle.

This property presents a compelling proposition for investors seeking stable income with a secure lease until March 2027, returning approximately 6% per annum. Equally, it suits professionals or couples valuing a peaceful yet connected urban retreat with lifestyle amenities at hand.

Local Market Insights

In Balaclava, Quiet Listings observed 8 new apartments entering the market over the last 30 days, down from 11 during the previous 30-day period, with an average advertised asking price of $524,375. The property type mix of listed properties is predominantly Apartments at 53%, followed by houses (27%), and townhouses (20%). The most active agency for apartments in the Balaclava area is currently Buxton Real Estate Group, representing 63% of new listings, followed by Jellis Craig with 13%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.