Back 5/38 Elm Grove
Off Market

5/38 Elm Grove

Balaclava VIC 3183

2
1
1
Apartment
Last sold for $520,000
Rachael O'ConnorRachael O'Connor, last sold this property on 15 January 2026 after 8 days on market.

Overview

Boutique Living, Brilliant Location

Perfectly positioned on the first floor in this boutique group of only six, apartment is the ideal opportunity for those looking to nest or invest in a location popular for its proximity to the local allure of both Ripponlea and Balaclava plus an array of bayside precincts. - Well-proportioned living room with polished timber floors - Kitchen/meals features Blanco appliances and a dishwasher - Both carpeted double bedrooms have built-in robes - Combined shower/bath and laundry provisions in bathroom - Allocated off-street car space at rear of the property - Air con, low body corporation fees, refurbished complex - Moments to Ripponlea Station and Ripponlea Village - Parking on a first in first come, first served basis - Around the corner to the idyllic Rippon Lea Estate - Stroll to the cafés and cuisine options of Carlisle Street - Close to Elwood's leafy surrounds and sunny beaches

Features

2 bedrooms
1 bathroom
1 carspace
1 open car space
Apartment

Estimated Value

Based on this property and similar 2 bedroom apartments sold in Balaclava over the last 12 months, the estimated median property value of 5/38 Elm Grove is $545k.

Median value
$545k
Estimated value range
$442.5k - $917.5k
Median days on market
25
Estimated value trend
-5%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Balaclava. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 5/38 Elm Grove

2026
Sold
$520,000
15 Jan 2026 by Rachael O'Connor, of McGrath Brighton
2021
Rented
Undisclosed
Leased on 07 May 2021 by Matthew Iaco & Associates Pty Ltd
2021
Sold
Undisclosed
Private Sale/Treaty on 18 Mar 2021 by Matthew Iaco, of Matthew Iaco & Associates Pty Ltd

Happy sellers in Balaclava

75%
75% of sellers in Balaclava reported that their sale price either exceeded or met their price expectations.

Balaclava stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 24 reviews in Balaclava over the last 12 months.

Local market activity for 2 bedroom apartments in Balaclava

In the last 12 months, 54 two-bedroom apartments similar to 5/38 Elm Grove, have been sold.

This represents a 18% increase in two-bedroom apartments sales when compared to the previous 12 months.

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