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141 Hotham Street, Balaclava, Vic 3183-Image

Gross Waddell Residential Pty Ltd - MELBOURNE

141 Hotham Street, Balaclava, Vic 3183

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Last updated on Saturday, June 20, 2026 ( See property details for 141 Hotham Street, Balaclava, Vic 3183)

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AI Property Insight

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A rare investment opportunity comprising eight fully furnished, low-maintenance apartments on a spacious landholding in the highly sought-after suburb of Balaclava, Melbourne.

🏡 Property Highlights

Rare entire block of 8 fully self-contained apartments in Balaclava
Strong gross annual income of $291,200*
Fully furnished apartments sold on an as-is basis
Solid brick construction with low maintenance design
Generous 592 sqm landholding in a prime location
Excellent connectivity with nearby train stations and tram lines

✨ Key Features

Built-in Robes
Outdoor Area
Garage
Open-Plan Living
Security Screens / Gates
Fly Screens
NBN / High-Speed Ready
Extra Storage (Shed/Linen)
Waterfront / Views
Pet-Friendly

Suburb and Property Insights of Balaclava, VIC 3183

Balaclava is a vibrant inner Melbourne suburb renowned for its eclectic lifestyle, excellent cafes and retail precincts along Carlisle Street, and strong transport links including train stations and tram routes. The area offers proximity to elite schools, parks, and the beach, making it highly desirable for both residents and investors. Its community-oriented atmosphere combined with ongoing development ensures sustained growth and rental demand.

Frequently Asked Questions

What is the current rental income and vacancy rate for these apartments?

The property generates a strong gross annual income of approximately $291,200, with low vacancy rates reflecting high demand in the area.

Are there any existing planning permits or approvals for future development or strata subdivision?

The property is sold as a whole with potential for strata sell-down (STCA), subject to council approval and planning regulations.

What are the maintenance requirements for the brick construction and fully furnished apartments?

The solid brick construction ensures low maintenance, and the fully furnished apartments are designed for easy upkeep and tenant appeal.

What amenities and transport options are available nearby?

The property is within walking distance to retail and lifestyle amenities along Carlisle Street and Glen Eira Road, with close proximity to Balaclava and Ripponlea train stations, trams along Nepean Highway, and Chapel Street.

Are there any restrictions or covenants affecting the property?

The property is located within a General Residential Zone (GRZ1), with no specific restrictions noted; further due diligence is recommended.

What to ask about this property to agent?

Are there any upcoming planning or development applications in the vicinity that could impact the property’s value or livability? What are the council rates, land tax, and other ongoing costs associated with the property? Are there any easements, zoning restrictions, or covenants that could limit future development or use? Has the property been inspected for structural issues or pest infestations, given its age and construction type? Are there any existing or planned infrastructure projects nearby that could cause noise or disruption?

141 Hotham Street, Balaclava, Vic 3183 - More Details

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Type: Block Of Units
Bedrooms: 16
Bathrooms: 8

Price guide

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141 Hotham Street, Balaclava, Vic 3183 - Point Of Interest

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Email Enquiry To Gross Waddell Residential Pty Ltd - MELBOURNE

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141 Hotham Street, Balaclava, Vic 3183

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