Back 88A William Street
Off Market

88A William Street

Balaclava VIC 3183

2
1
67 m²
Apartment
Last sold for $470,000
Sam GamonSam Gamon, last sold this property on 20 June 2025 after 36 days on market.

Overview

Heritage with Huge Potential Opposite the Park

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. An exciting opportunity to create a stylish inner-city haven with true character and a heritage soul, the home would respond well to a new kitchen and bathroom, a lick of paint and some gentle maintenance. Once complete, it would appeal to any busy owner-occupier or investor. Opposite the pocket park, and the easiest walk to bustling cafes, vibrant shops & city-bound trams, there is also the station within steps to take you to Chapel Street, the MCG or further afield.

Features

2 bedrooms
1 bathroom
67 m² floor area
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 88A William Street is $550.5k.

Median value
$550.5k
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 88A William Street

2025
Sold
$470,000
Private Sale/Treaty on 20 Jun 2025 by Sam Gamon, of Jellis Craig Elwood

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 88A William Street, have been sold.

This represents a 16% increase in two-bedroom apartments sales when compared to the previous 12 months.

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