3 & 3A Albion Street, Balaclava
VIC 3183
- 30
- 16
- 5
- 1388m2
Auction
Thursday 20th Aug | 2:30 PM public 2026-08-20 14:30:00 2026-08-20 15:00:00 Australia/Melbourne Auction for 3 & 3A Albion Street, Balaclava Auction for 3 & 3A Albion Street, Balaclava 3 & 3A Albion Street, Balaclava Gary Peer inspections@garypeer.com.au
Inspection
Guide
$4,500,000 - $4,950,000
Unlock the potential in a prized position
BED: 42 BATH: 16 CAR: 5
An exceptional opportunity awaits to secure a unique & highly versatile property on substantial 1,388m2* allotment, perfectly positioned close to all the vibrant action of Balaclava. Brimming with future potential, it presents outstanding scope for investors, renovators or developers to reimagine, enhance or explore partial redevelopment possibilities (STCA) in a sought after blue chip location where lifestyle appeal & long term growth go hand in hand. Spread across three expansive levels, the property offers remarkable flexibility & plenty of accommodation with a combination of self contained spaces featuring living, bedroom, bathroom & kitchenette facilities, alongside additional single bedrooms with a communal kitchen, lounge, bathroom & laundry on each of the three levels. Whether it’s student accommodation, a rooming house, offices or an entirely new venture (STCA), the possibilities invite your inspired creativity. The property also features a generous internal courtyard space, a double garage at the rear & three open car spaces at the front. Ideally located moments from Ripponlea Village, Carlisle Street, Ripponlea Station & Brighton Road trams, with easy access to St Kilda & the bay. Don’t miss this rare opportunity to capitalise on this fantastic address!
*Approximate Title Dimensions.
An exceptional opportunity awaits to secure a unique & highly versatile property on substantial 1,388m2* allotment, perfectly positioned close to all the vibrant action of Balaclava. Brimming with future potential, it presents outstanding scope for investors, renovators or developers to reimagine, enhance or explore partial redevelopment possibilities (STCA) in a sought after blue chip location where lifestyle appeal & long term growth go hand in hand. Spread across three expansive levels, the property offers remarkable flexibility & plenty of accommodation with a combination of self contained spaces featuring living, bedroom, bathroom & kitchenette facilities, alongside additional single bedrooms with a communal kitchen, lounge, bathroom & laundry on each of the three levels. Whether it’s student accommodation, a rooming house, offices or an entirely new venture (STCA), the possibilities invite your inspired creativity. The property also features a generous internal courtyard space, a double garage at the rear & three open car spaces at the front. Ideally located moments from Ripponlea Village, Carlisle Street, Ripponlea Station & Brighton Road trams, with easy access to St Kilda & the bay. Don’t miss this rare opportunity to capitalise on this fantastic address!
*Approximate Title Dimensions.
Balaclava suburb statistics
Houses*
Median sale price
$1,455,000
Quarterly price change
2.23%
Units*
Median sale price
$570,000
Quarterly price change
0.44%
Sales insights
Auction clearance rate*
76%
Median days on market∧
24 days
Total sold properties*
45
*Updated quarterly for the past 12 months
^Updated daily for the past quarter
~Updated daily for the past 12 months
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