88a William St, Balaclava is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 204m2. While the property is not currently for sale or for rent, it was last sold in June 2025. There are other 2 bedroom Unit sold in Balaclava in the last 12 months.
Situated in 'Grosvenor Mansions', that began life as a row of handsome Victorian terraces before being converted to apartments between the wars, this older-style abode is now ready for its next reincarnation.
In need of renovation that would really bring the spaces to life, the top floor home has no active owners' corporation and is accessed via an Arts & Crafts external staircase which leads to the front-facing verandah. Inside, the accommodation is crowned by soaring ceilings, while timber floors are there to be fully uncovered and polished to please.
To the front, the main bedroom is of generous proportions and features an open fireplace that could be restored, creating an intimate space for cold winter nights. Further on is a well-sized living area, while the second bedroom is filled with light and would be a peaceful space to work from home. A central kitchen and bathroom are also offered along with a wall heater in the hallway.
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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