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209/116 Balcombe Road, Mentone VIC 3194

$620,000 - $650,000

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$600k - $650k High Confidence Calculated based on strong search observations.

Apartment 2 Beds 2 Baths 1 Car

Listed: 8 hours ago

Overview

This elevated Apartment at 209/116 Balcombe Road in Mentone offers a refined blend of contemporary living and convenience, ideally positioned within the vibrant Mentone Village. Designed to maximize natural light, fresh air, and scenic views towards the bay, the apartment embodies an elevated lifestyle with a focus on low maintenance and quality finishes.

The open-plan living and dining area effortlessly extends to a spacious balcony, inviting relaxed entertaining and tranquil moments outdoors. The designer kitchen is well-appointed with Smeg appliances and a useful dish-drawer, catering to culinary enthusiasts seeking both style and functionality.

Attention to detail continues in the sleeping quarters where the master bedroom offers direct balcony access and expansive Japanese-inspired built-in robes, complemented by a sleek ensuite with ultra-high ceilings enhancing the sense of space. The second bedroom also includes built-in robes and is supported by a central bathroom equipped with Euro laundry facilities and additional storage options.

Residents appreciate added comforts including split system heating and cooling, secure building entry with video intercom, and convenience of remote entry basement parking with an associated storage area.

Situated just steps from the express CBD train, a thriving café culture, fresh food grocers, and Mentone’s famed beach and foreshore, this apartment caters to busy professionals, first home buyers, and investors seeking a well-located property with solid rental appeal. Currently leased at $650 per week until February 2027, it offers an immediate investment opportunity with low owners corporation fees of $1,422 per quarter.

Local Market Insights

In Mentone, Quiet Listings observed 2 new apartments entering the market over the last 30 days, down from 4 during the previous 30-day period, with an average advertised asking price of $570,000. The property type mix of listed properties is predominantly Houses at 29%, followed by townhouses (29%), and units (24%). The most active agency for apartments in the Mentone area is currently Belle Property, representing 50% of new listings, followed by Buxton Real Estate Group with 50%. 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.