Yardize logo Yardize
Apartment

5/48 Gourlay Street

Balaclava VIC 3183, Australia

1 Bedrooms
1 Bathrooms
1 Parking
470 m² Land size
- Internal area

About this property

yardizepropertyrecord

Unit 5/48 Gourlay Street is a one‑bedroom, one‑bathroom apartment with a single car space, situated in a purpose‑built ten‑unit block constructed in 2005. The building occupies a land parcel of approximately 470 m² in the inner‑south suburb of Balaclava, about 7 km south‑east of Melbourne’s CBD.

Market‑value estimates for a typical unit in the complex centre around $550,000, while weekly rent estimates are roughly $460 per week. The property is currently off‑market, with an owner‑occupier to renter mix of approximately 45 % to 55 % for the building as a whole

Also written as Unit 5, 48 Gourlay Street.

Key details

Locality
Balaclava
State
VIC
Coordinates
37.87238463 / 144.9970469
GNAF PID
GAVIC410792636
Legal parcel ID
56\LP1630
Remoteness area
Metro
Property type
Apartment
Unit land size
470 m²
Unit internal area
-
Built
2005
Total units in building/complex
10
Bushfire risk
None detected
Flood risk
Present
Heritage overlay
None detected
Strata/body corporate
LP1630
Land Use Category
Residential

Market estimates

Based on curated rent estimate, web rent evidence, web value evidence.

Expected weekly rent
$482
Expected property value
$528,000
Estimated yield
4.75%
Confidence
Medium

Based on the comparable property evidence currently available.

Property insights

Building profile

  • Unit 5/48 Gourlay Street in Balaclava is a 1‑bedroom, 1‑bathroom flat with a single car space, located in a purpose‑built 10‑unit apartment building constructed in 2005 390 pw Roost
  • Built: 2005
  • Total units: 10

Property Features

  • Flood zone overlay – development applications subject to flood management controls 390 pw Roost
  • Flood overlay present: Planning controls may restrict certain developments
  • Car spaces: 1

Recorded sales and leasing agents

Recorded sale agency
LITTLE Real Estate – Armadale

Ownership mix

Approximate occupancy mix for the surrounding area
Owner-occupied
45%
Renter-occupied
55%

Area insights

The surrounding precinct places civic services within easy reach. The nearby mix of destinations supports everyday convenience and local foot traffic
Read suburb profile

Real Estate Agencies

Ordered by:
Buxton - Bentleigh
Gary Peer & Associates (St Kilda) - ST KILDA
Jellis Craig - Richmond
Jellis Craig - Albert Park
Kay & Burton - Stonnington
Buxton - Stonnington
OBrien Real Estate Bentleigh
RT Edgar
OBrien Real Estate Chelsea & Seaford
McGrath St Kilda
BigginScott - Stonnington
RT Edgar - Glen Eira
McGrath - South Yarra
RT Edgar - Elwood
Woodards - ELSTERNWICK
Anna Grace Real Estate - BRIGHTON
Property Now - BRISBANE CITY
Royston Property
BigginScott - St Kilda / Elwood
@ Realty - Bobby Cvetkovic
Halfapercent Real Estate in Conjunction With Noble House - St Kilda
* Approximate straight-line distances

Nearby schools

Type:
Ordered by:
Adass Israel School - Glen Eira Road Campus
0.5 km
Combined school | Independent
Mount Scopus Memorial College
0.5 km
Combined school | Independent
Yeshivah and Beth Rivkah Colleges
0.5 km
Combined school | Independent
Yeshivah and Beth Rivkah Colleges
0.5 km
Combined school | Independent
St Kilda Primary School
0.7 km
Primary school | Government
Caulfield Grammar School
0.7 km
Secondary school | Independent
Ripponlea Primary School
0.7 km
Primary school | Government
Yesodei Hatorah College
1.2 km
Melbourne Grammar School - Grimwade Campus
1.1 km
Combined school | Independent
Sholem Aleichem College - Senior Campus
1.2 km
Primary school | Independent
Sholem Aleichem College
1.2 km
Primary school | Independent
Cheder Levi Yitzchok Inc
1.4 km
Combined school | Independent
Elwood College
1.5 km
Secondary school | Government
Christian Brothers' College
1.4 km
Secondary school | Catholic
Caulfield Grammar School - Shelford Campus
1.4 km
Combined school | Independent
Little Lane Early Learning Centre - St Kilda
0.8 km
Eden Academy Elwood
0.6 km
The Avenue Children's Centre and Kindergarten - Enquiries Go Through City of Port Phillip
0.1 km
Mercedes Dadon Creche
0.4 km
Yeshivah Beth Rivkah Pre-School 3
0.5 km
* Approximate straight-line distances

Frequently asked questions

How many bedrooms, bathrooms, parking spaces, or other key details are listed?

5/48 Gourlay Street is described with 1 bedroom, 1 bathroom, 1 parking space, land size of 470 m², built around 2005

390 pw Roost
In which suburb is 5/48 Gourlay Street located?

The property is located in Balaclava, an inner‑south suburb of Melbourne, Victoria, about 7 km south‑east of the Central Business District

En.wikipedia.org
What public transport options are available near the property?

Nearby public transport includes tram routes 3 and 16 on Carlisle Street, tram route 78 on Chapel Street, bus routes 216 and 219 on Hotham Street, and Balaclava railway station on the Sandringham line

En.wikipedia.org
What is the nearest tram stop and how far is it?

The nearest tram stop is Carlisle Ave/Carlisle St, located approximately 0.4 km from the property

Which railway station is closest to the property?

Ripponlea railway station is the closest station, about 0.4 km away

What nearby amenity provides pharmacy services?

Brinsmeads Pharmacy is located roughly 0.4 km from the address

What kind of property is this?

5/48 Gourlay Street is listed as Apartment in Balaclava, VIC

390 pw Roost
What Calculated market estimate or Estimated weekly rent is available?

The calculated market estimate is $528,000, the calculated weekly rent is $482 per week, and the indicative gross yield is 4.75%

390 pw Roost

Related profiles

Jump to the related profiles for this address.

Suburb profile

Balaclava

Browse the suburb profile, property mix, and related area data.

View suburb profile

Street profile

Gourlay Street

See the street-level property page and compare nearby listings.

View street profile