Approval granted for Balaclava’s latest townhome development
In June last year, ICON Developments acquired the Balaclava site on the corner of Inkerman and Nelson Streets for $9.5 million, with a goal to transform the section into 27 two, three- and four-bedroom townhomes. The permit to excavate and build across the 2,500 square meter site has recently been granted, with demolition works already underway.
According to an analysis by Select Residential Property Research, Balaclava is one of Melbourne’s leading suburbs in terms of price growth, with an anticipated value increase of 20% in the next three years.
The MAArchitects-designed development has been named Inkerman & Nelson (paying homage to the sites cross streets) and will comprise of a village of six detached buildings. Each home features flexible floorplans for interchangeable rooms including the option of a whole floor living area on the ground or second floor. In addition to spacious, open-plan interiors, the townhomes will also include large backyards and some also include a rooftop terrace.
ICON Senior Development Manager, Georgina Goldsworthy explains that the development aims to accommodate the changing needs of buyers by offering flexible townhome living options within Melbourne's inner suburbs.
“Inkerman & Nelson has been developed around an ethos of flexible living – we’re offering purchasers a variety of functional and flexible layouts with the opportunity to select custom joinery features to truly make the home theirs."
The concept seamlessly integrates the luxuries of traditional detached dwellings, with modern, smaller footprint living – which is perfect for those not looking to give up their home for apartment living any time soon.
“Inkerman & Nelson also addresses a gap in the market for family-sized, small footprint living. They’re also comparable to the average two to three-bedroom terrace house.”
Georgina Goldsworthy, ICON Senior Development Manager
Inkerman & Nelson sales will commence in October this year, with completion slated for Q3 2021.
ICON’S PREVIOUS TOWNHOME DEVELOPMENTS
122 Roseneath St, Clifton Hill
Located in the heart of Clifton Hill, 122 Roseneath Street perfectly epitomizes idyllic communal living with a shared terrace barbeque area, herb gardens, workshop, communal laundry and more. The site’s historic Brutalist structure has been partially retained and incorporated into the design.
Cantala, Caulfield North
Cantala’s built form comprises of sweeping art deco curves, with warm timber and ample glazing boasting timeless design from every aspect. Meticulous, landscaped communal gardens and an elongated lap-pool provide residents with plenty of spaces to relax and enjoy nature.
Harpers Lane, St Kilda
ICON Developments and Neometro have already collaborated with MAArchitects on Harpers Lane – a series of timeless apartments with open plan layouts, high-stud ceilings, and natural light and airflow. Residents can enjoy a morning coffee at the on-site café, Harper’s Kitchen or relax in the sunshine on their private deck.
Lead image: Inkerman & Nelson aerial view. Credit: ICON Developments.