3/5a The Avenue, Balaclava is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1940. The property has a land size of 1118m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 2 bedroom Unit sold in Balaclava in the last 12 months.
Nestled in a peaceful pocket, this captivating Art Deco ground floor apartment offers a perfect balance of tranquillity and vibrant inner-city living. Brimming with personality and warmth, it combines generous proportions with easy everyday comfort.Beyond its classic period faade, the residence opens to bright and airy interiors, where high ceilings and beautifully polished timber floors create an immediate sense of elegance and space. The expansive living and dining area provides a welcoming setting for relaxing evenings or entertaining guests with ease.The accommodation comprises two spacious bedrooms, both designed for comfort and versatility. The main bedroom is fitted with substantial built-in storage, while the second bedroom enjoys calming leafy outlooks that enhance its peaceful atmosphere. A stylishly refreshed kitchen and centrally positioned bathroom blend contemporary convenience with enduring Art Deco appeal.Further features include access to a large private courtyard perfect for alfresco dining or outdoor enjoyment, an inviting entrance hall, solid brick construction for exceptional peace and quiet, internal laundry amenities, and secure off-street car parking.Ideally located, the apartment is just moments from the greenery of Alma Park, public transport along Carlisle Street, and Balaclava railway station. Enjoy close proximity to some of Melbournes most popular lifestyle destinations, including Chapel Street, Carlisle Street, and Ripponlea Village, all offering an outstanding selection of cafs, restaurants, and boutique shopping.A unique opportunity to secure a home that effortlessly combines character, privacy, and lifestyle appeal, perfect for first-home buyers, investors, or those seeking a low-maintenance downsizing option.
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 -0.30% decrease in median value, while Units have seen a -2.82% decrease. As at 31 May 2026:
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