I'm a bit clueless how to do this as only got 1 block , sanding back would be a absolute chore , any other methods ?
Mark the chine lines in plan and elevation on the block and cut approximately to them using a David plane or carving with a Stanley knife.
Then finish the shape, including carving hollows if you want, with a half-round rasp or sandpaper, moving from coarse to fine. You can use a template switched between two sides to check symmetry. A little filler or re-gluing balsa you have cut off lets you cure mistakes.
Sanding can be a VERY rapid way of cutting balsa. The cutting capability depends entirely on the grade of the sandpaper. Coarse grade can go through balsa as fast as a knife, while fine sandpaper can take ages to remove a slight bump. Get a selection of sandpapers, wrap them around an appropriate former like a section of broom handle if you want a curve, and get rubbing….