About this property
Unit 20 at 109 Hotham Street in Balaclava is a three‑bedroom residential apartment that is classified for retirement aged‑care use. The building was constructed in 1970 and comprises 20 separate lots, including a mix of townhouses, a house and 18 other apartments. The unit has two allocated car spaces and shares a land parcel of approximately 2,290 m² with the rest of the complex.
Estimated market value for a typical three‑bedroom unit in the building is around $800 k, with an estimated rental income of $670 per week, producing a gross yield of about 4.36 %. Historical transaction records show a sale for $220 k in 1997 and $280 k in 2000, with no recent sales reported
Also written as Unit 20, 109 Hotham Street.