1/38 The Avenue, Balaclava is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 600m2 and floor size of 65m2. While the property is not currently for sale or for rent, it was last sold in March 2018.
Make a stellar start to your property journey with this ground floor two bedroom apartment's enviable lifestyle rewards or solid investment returns. One of only seven in a boutique block, its impressive proportions boast generous living/dining spaces, two outdoor zones plus the rare inner city advantage of a lock up garage. Abundant natural light and pleasing presentation define its ideal living/dining domain with undercover terrace, a separate stone kitchen complete with stainless steel appliances and dishwasher, polished central bathroom and two spacious double bedrooms with robes, the main stepping out to a private entertainers' courtyard. Reverse cycle heating/cooling, intercom security and the lock up garage seal the deal just around the corner from the shops, cafes and bars of Carlisle Street, Balaclava Station and City trams. With interest rates at their lowest in a generation, accessible first home buyer incentives, Balaclava's consistent capital growth and minimal vacancy rates, this market entry or investment opportunity is not to be missed!
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 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 3,652 properties. Over the last 5 years, Houses in Balaclava have seen a 1.28% increase in median value, while Units have seen a 3.55% increase. As at 31 December 2025:
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