7/13-15 Gourlay Street, Balaclava VIC 3183

Updated 1-bed apartment | sought-after Balaclava | timber floors and modern kitchen | car space included | entry-level price point This apartment is competitively positioned as a well-finished entry point into a tightly held inner-suburban market. The updated interior, with timber flooring, a modern kitchen, and an updated ensuite, lifts it above much of the older unrenovated stock in the area. The inclusion of a car space is a genuine advantage in a suburb where on-street parking is constrained, and the split-system heating and cooling adds year-round comfort. It best suits first-home buyers seeking a low-maintenance foothold in a walkable location, or investors targeting consistent rental demand from singles and couples who value proximity to cafés, trams, and the beach. The property’s value may be influenced by its floor level and building age, which are not confirmed from available details. A ground-floor unit could command less privacy than an upper-level one, while an older building might carry higher body corporate fees or limited common facilities. The absence of a second bedroom will naturally restrict the buyer pool and resale appeal compared to two-bedroom apartments in the same price bracket. Buyers should weigh the updated finish against these potential constraints when forming a view on price.