27 Nelson Street, Balaclava VIC 3183

Period charm | rear lane access | scope to improve | tightly held street The property presents a rare combination of period character and practical potential on a tightly held street, with rear lane access offering genuine advantage for parking or future extension. Its sub-100 square metre footprint on 215 square metres of land positions it as a strong candidate for a buyer seeking to add value through renovation or reconfiguration, subject to council approval. The location near Carlisle Street amenities and within St Kilda Primary and Elwood College catchments supports both family and investment appeal, while the current price guide sits notably below the suburb median for three-bedroom houses, suggesting room for capital growth. Flood risk has been detected and should be investigated through planning enquiries before proceeding, as this may affect renovation scope or insurance costs. The auction date is confirmed for June 13, indicating a defined timeline for due diligence. The rental estimate of $555 per week and yield around 2.63 percent supports a hold-and-improve strategy rather than immediate income focus. This property suits a buyer prepared to act decisively on a well-located opportunity with clear upside through measured improvement.