Balaklava at a glance
2,130
People
$400,000
Median sale
$402/wk
Median rent
5.23%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
SA › Balaklava › Wallace St
$350,000
Last sold
20 Mar 2026
4
Bedrooms
1
Bathrooms
1
Car spaces
1,573 m²
Land
215 m²
Building
Districts View
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$350,000
20 Mar 2026 · derived via latest_sale
Local land rate: recorded House sales in Balaklava (last 5 years) with land size have a median of $313/m² of land (n=37). Districts calculation from recorded sales — not a valuation.
Balaklava at a glance
2,130
People
$400,000
Median sale
$402/wk
Median rent
5.23%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Vs Balaklava
-12.5%
Median sale
Suburb $400,000
+0.74 pp
Gross yield
Suburb 5.23%
Suburb median $400,000 from 6 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
SAPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Nearby development applications are not loaded. This lot’s own applications are a separate question.
Rental
No advertised rent is recorded. Suburb median rent $402/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Nearby development applications are not loaded. This lot’s own applications are a separate question. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownArea
Balaklava at a glance
2,130
People
$400,000
Median sale
$402/wk
Median rent
5.23%
Suburb gross yield
Median sale from 6 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by Ray White Clare ValleyPresenting an exceptional opportunity in the heart of Balaklava, 46 Wallace Street is a character-filled four-bedroom, one-bathroom residence. The home's classic heritage is immediately evident upon entry, with a wide central hallway showcasing soaring ceilings, timber floorboards, and a distinctive arched doorway. This architectural charm extends into a spacious, light-filled lounge room featuring a traditional fireplace, which flows efficiently into the separate dining and kitchen areas. Notably, the property also includes a dedicated underground cellar, offering a premium storage solution for wine collections. This property represents an ideal asset for ambitious renovators, families, or investors.
Externally, the residence is positioned on a substantial 1,573sqm (approx.) allotment, presenting an exceptional level of space and future opportunity. A rear verandah provides a functional outdoor area overlooking the expansive grounds, which are framed by established plantings and offer abundant room for further landscaping, outdoor entertaining, or property extensions. The backyard is highly practical, featuring two spacious sheds that deliver ample storage or workshop capacity. Furthermore, a detached outdoor laundry presents a versatile footprint, offering excellent scope for buyers to reconfigure, repurpose, or seamlessly integrate into a broader renovation project.
Situated in South Australia's Mid North, Balaklava perfectly balances rural tranquility with everyday convenience. Known for its welcoming community, wide streets, and relaxed country lifestyle, the town offers excellent access to local schools, shops, and sporting facilities. Surrounded by open spaces and fertile farmland, Balaklava strongly appeals to families, renovators, and investors seeking affordable properties with great potential. Do not miss your chance to secure a slice of Balaklava with massive upside potential. This property will be going to Auction unless SOLD prior, to register your interest please phone Connor Young on 0402 775 599 or Shane Hawkins on 0498 835 373.
Features You'll Love:
• Set on a substantial 1,573sqm (approx.) allotment offering limitless space, versatility, and future opportunity.
• A charming wrap-around front verandah provides the perfect exterior setting to enjoy a morning coffee and take in the surroundings.
• A grand entrance hallway makes a striking first impression with soaring ceilings, warm timber floorboards, and a classic heritage archway.
• Four generous bedrooms are positioned conveniently off the main hall, with three featuring character fireplaces and the fourth offering a ceiling fan for added comfort.
• A spacious, light-filled central lounge room features a beautiful traditional fireplace, creating the perfect canvas to envision your dream living space.
• Separate, character-filled kitchen and dining zones flow effortlessly from the lounge, offering exceptional scope for modern updates and renovations.
• A dedicated underground cellar provides a premium subterranean storage solution for your wine collection.
• A vast outdoor area is bordered by established greenery, offering abundant room for landscaping, entertaining, or future property extensions.
• Two substantial sheds deliver excellent storage or workshop capacity, accompanied by an additional garden shed for outdoor tools and equipment.
• A detached, practical outdoor laundry presents excellent potential for future reconfiguration or seamless integration into the home.
Location Highlights
• Balaklava Primary School
• Balaklava High School
• Horizon Christian School
• Foodland
• Boutique shops as well as cafes and eateries
• Sporting and Recreation Complex
• 1 hour 30 minute commute to Adelaide CBD
Specifications:
• Built - 1900
• House - 215m2 (approx.)
• Land - 1,573m2(approx.)
• Frontage - 21m
• Zoned - N - Neighbourhood
• Council - WAKEFIELD
• Hotwater - Electric
• Easement - Please See Form 1
• Mains Water - Yes
• Mains Electricity - Yes
• Solar - N/A
• Gas - N/A
• Sewerage - Septic
• NBN Available - FTTN available
• Heating - Fireplace
• Cooling - Ceiling Fan & Wall Unit Air Conditioner
The safety of our clients, staff and the community is extremely important to us, so we have implemented strict hygiene policies at all our properties. We welcome your inquiry and look forward to hearing from you.
RLA 345285
*Disclaimer: Neither the Agent nor the Vendor accept any liability for any error or omission in this advertisement. All information provided has been obtained from sources we believe to be accurate, however, we cannot guarantee the information is accurate and we accept no liability for any errors or omissions. Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement.
Listing description written by Connor Young, Ray White Clare Valley — reproduced as published, not verified by Districts.
Nearby development applications are not loaded. This lot’s own applications are a separate question.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.