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.
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.
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 3,661 properties. Over the last 5 years, Houses in Balaclava have seen a 2.69% increase in median value, while Units have seen a -1.15% decrease. As at 30 April 2026:
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