43 Nelson Street, Balaclava, VIC 3183 | House for sale | OnTheHouse
FOR SALE
Private Sale: $2,000,000-$2,200,000View Property Price Statement

43 Nelson Street
Balaclava VIC 3183

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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Limitless Possibilities in a Gilt-Edged location

A rare opportunity in the heart of Balaclava, this classic three-bedroom home on approximately 543sqm offers outstanding potential in a blue-chip location. Whether you choose to renovate, rebuild a luxurious new home, or explore a multi-dwelling development (STCA), the possibilities are exciting. With excellent existing accommodation and everything Balaclava has to offer just moments away, this is a property ready for its next chapter.
- Approx. 543sqm of land with excellent potential
- Classic three-bedroom home with immediate liveability
- Renovate, rebuild or develop (STCA)
- Spacious lounge and dining areas with a tidy kitchen/meals zone
- Ducted heating, patio, workshop and ample storage
- Off-street parking and the option to live in or lease out while planning
-Blue-chip location moments from Carlisle Street, cafes, transport, parks, Hewison Reserve, Alma Park and Balaclava Station

Property Details for 43 Nelson St, Balaclava

43 Nelson St, Balaclava is a 3 bedroom, 1 bathroom House with 1 parking spaces. The place is currently for sale with MCGRATH ST KILDA.

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About Balaclava 3183

The size of Balaclava is approximately 0.8 square kilometres. There are 3 parks, covering nearly 1.8% of the total area. The population of Balaclava in 2016 was 5396 people. By 2021 the population was 5392 showing a population decline of 0.1% 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 2021, 49.00% of the homes in Balaclava were owner-occupied compared with 43.40% in 2016.

Balaclava has 3,663 properties. Over the last 5 years, Houses in Balaclava have seen a -8.50% decrease in median value, while Units have seen a -6.48% decrease. As at 31 August 2026:

  • The median value for Houses in Balaclava is $1,480,401 while the median value for Units is $591,550.
  • Houses have a median rent of $975 while Units have a median rent of $578.
There are currently 5 properties listed for sale, and 4 properties listed for rent in Balaclava on OnTheHouse. According to Cotality's data, 205 properties were sold in the past 12 months in Balaclava.

Suburb Insights for Balaclava 3183

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Nicole Prime
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Steve Feren
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MCGRATH ST KILDA
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.