The Avenue, Balaclava

Market Insights
7 years ago
3 minutes

If you’ve taken a trip to Balaclava lately, it’s likely you noticed the place is buzzing.

Along nearby Carlisle Street, there’s a thriving café culture, eclectic shops and a culture unmatched by any other Melbourne suburb.

And right in the heart of it is an exciting, new, contemporary development called ‘The Avenue’.

Spanning over three floors, every detail in this boutique apartment block has been carefully considered.
From the stone benchtops and wooden floorboards, to the double-glazed windows and two-point-seven metre soaring ceilings.

The fittings are strikingly contrasted against beautiful black cabinetry, to provide a modern yet timeless touch.

While the living, dining and kitchen area are combined in one, to create an effortless, open-plan area, with each of the 27 apartments connecting through to a private outdoor terrace or balcony.

And while that makes for the perfect entertaining space, there’s also the option to take the party upstairs to the communal alfresco area on top of the building.

With construction set to commence by the end of the month, James Cirelli from Steller says The Avenue has largely appealed to owner-occupiers.

“All of our developments are aimed at owner-occupiers, but in saying that, it doesn’t mean we don’t sell to investors. As investors are a minority, it’s a bonus for them because they tend to rent out and re-sell faster, being in a boutique development,” he says.

“The apartments are larger in terms of square metres than usual. All of the sales so far have been to first-home buyers, downsizers and local residents recycling property in the area.”

And it’s not difficult to see why buyers are flocking to snap one up.

With our carbon footprint becoming an increasing concern for many buyers, Steller is incorporating a raft of sustainable, green initiatives in all of its future projects, including The Avenue.

The common area will be powered by solar panels, the toilet flushing water will be supplied by rainwater, and energy saving down lights will be used throughout each apartment.

While all doors and windows will be double-glazed, just a few of the sustainable ideas to be rolled out.

However it’s likely you may not even need the car, with a secure, underground car park for easy living.

The Avenue sits in a prime location, within walking distance of all of the essentials.

Around the corner is Carlisle Street, while the Glen Eira Road strip of shops is also within walking distance, as is St Kilda’s Acland Street, and Chapel Street Windsor.

Public transport options are also on your doorstep, including Balaclava station and a number of tram stops.

Also nearby, are a number of schools, including St Kilda Primary School, Ripponlea Primary School and Caulfield Grammar School, to name a few.

If you’re interested in living in one of Melbourne’s most exciting suburbs, click here.