3/5 The Avenue, Balaclava VIC 3183

Art Deco courtyard apartment | 60 sqm two-bedroom | secure parking included | stable owner-occupier building | inner-bayside location This property is viewed as competitively positioned due to its character-driven courtyard apartment form within a stable owner-occupier building. The 60-square-metre two-bedroom configuration with dedicated parking is well suited to owner-occupiers seeking walkable living or investors targeting consistent rental demand. Distinction is provided by the Art Deco styling and private courtyard, which are often preferred by buyers seeking character over modern finishes. The building’s long average tenure of owner-occupiers suggests that common property is well maintained and the environment is settled. The value may be affected by an unconfirmed renovation history, as updates to kitchen or bathroom might add to outgoings. The buyer pool could be narrowed by the absence of verified school-zone boundaries. Higher maintenance might be required by the building’s age and period features if owners corporation reserves are limited.