43 Nelson Street, Balaclava Private sale: - VIC 3183

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43 Nelson Street, Balaclava VIC 3183

$2,000,000-$2,200,000

Search Band Search Visibility Band

$2M - $2.1M High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 1 Car 543 m²

Listed: 5 days ago

Overview

Situated in the prestigious and vibrant area of Balaclava, this classic three-bedroom house presents a rare opportunity for homeowners or developers alike with approximately 543 square metres of land. The property offers considerable scope, whether one opts to renovate the existing liveable home, rebuild a luxurious modern residence, or pursue a multi-dwelling development subject to council approval.

The existing layout features spacious lounge and dining areas accompanied by a functional kitchen and meals zone, ideal for families or those appreciating light and open spaces. Comfort throughout the seasons is ensured with ducted heating, enhancing everyday livability. Additional amenities such as a patio, workshop, and ample storage spaces provide practical benefits for hobbyists and those requiring utility spaces.

Parking is addressed with off-street provisions, an advantage in this sought-after urban setting. The location itself is a standout feature, placing residents just moments from Carlisle Street's notable cafes, boutiques, and transport options including Balaclava Station. Nearby parks such as Hewison Reserve and Alma Park offer recreational possibilities, contributing to a balanced lifestyle blending convenience with outdoor amenity.

This property is likely to appeal to renovators seeking established charm and potential, families desiring space near essential amenities, or investors looking for development opportunities in a coveted neighbourhood. Its positioning within a blue-chip locale further underscores its appeal as a long-term asset or a personal residence ready for transformation.

Local Market Insights

In Balaclava, Quiet Listings observed 6 new houses entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $1,940,645. The property type mix of listed properties is predominantly Apartments at 53%, followed by houses (32%), and townhouses (16%). The most active agency for houses in the Balaclava area is currently Wilson Agents, representing 33% of new listings, followed by Woodards Real Estate with 17%. 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.