143 Hotham Street, Balaclava

Set on a substantial allotment of approximately 592sqm, this property presents an increasingly rare opportunity to secure prime land in one of Balaclava’s most sought-after pockets. With no Heritage Overlay in place, the property offers exciting scope to restore or renovate the existing home, build a luxurious new residence, or explore dual occupancy and further development potential (STCA), all complemented by excellent rear access.The existing freestanding home provides a blank canvas for those with vision and creativity, showcasing soaring ceilings and an array of charming period features including fireplaces and decorative cornicing. The current floorplan comprises three bedrooms, central bathroom, living room, kitchen/meals area, plus a versatile rear studio/home office or fourth bedroom.Ideally positioned close to Carlisle Street, Ripponlea Village, cafes, restaurants and transport, this is a rare chance to create something truly special in a blue-chip lifestyle location.