4/40 The Avenue, Balaclava, VIC 3183 | Property Value & History | OnTheHouse
OFF MARKET

4/40 The Avenue
Balaclava VIC 3183

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 596m2
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Property Details for 4/40 The Avenue, Balaclava

4/40 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 596m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in February 2023.

Building Type
Unit
Year Built
1970
Floor Size
70m2
Land Size
596m2
Local Government
Port Phillip
Lot/Plan
4/PS425143

Last Listing description (April 2023)

Tucked away in a in a sought-after pocket of Balaclava in a converted Victorian villa, this renovated period residence, nestled amongst the treetops, in a boutique block of just four, is sure to impress. This elevated hidden sanctuary offers a rare opportunity to enter the local real estate market & will suit first home buyers or savvy investors. Polished timber floors flow throughout the generously proportioned open plan living & dining zone with gas fireplace & is naturally illuminated by light captivating sky lights, French doors providing a lovely leafy outlook & the added bonus of entertaining terraces on both sides of the apartment. All further complemented by a well-appointed kitchen with central island bench, stainless steel appliances (including dishwasher) & freestanding kitchen cabinet for extra storage. Also featuring a good-sized main bedroom with built-in robes & French doors enjoying rear courtyard access, a second bedroom with built in robes & an updated central bathroom. Other features include Euro laundry, split system heating/cooling, secure intercom entry & off-street parking for one car at the rear. Ideally situated in a convenient lifestyle location within walking distance of cosmopolitan Carlisle Street's shopping & cafes & a choice of transport options.

Property History for 4/40 The Avenue, Balaclava, VIC 3183

A timeline of how this property has performed in the market
Last Sold
$780,000
25 Feb 2023
Listed for Rent
$400/w
01 Aug 2008
  • 25 Feb 2023
    Sold for $780,000
  • 30 Jan 2023
    Listed for Sale $630,000 - $690,000
  • 24 Apr 2009
    Sold for $495,000
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About Balaclava 3183

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:

  • The median value for Houses in Balaclava is $1,446,411 while the median value for Units is $619,203.
  • Houses have a median rent of $638 while Units have a median rent of $550.
There are currently 2 properties listed for sale, and 4 properties listed for rent in Balaclava on OnTheHouse. According to Cotality's data, 174 properties were sold in the past 12 months in Balaclava.

Suburb Insights for Balaclava 3183

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Cotality Copyright and Legal Disclaimers about Property Data
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.