FOR SALE
$800,000-$880,000

1/17 Lake Avenue
Ocean Grove VIC 3226

Bedrooms: 1
Bathrooms: 1
Car spaces: 2
Land area: 817m2
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Opportunity Knocks Across 817sqm

The Feel:
A stone’s throw from the Barwon River, 250m from Blue Waters Lake, and neighbouring the open green space of Pacey’s Park and playground, this property presents a multitude of exciting possibilities in a premium lifestyle setting. Currently comprising an understated single level home, there’s broad appeal for holiday makers seeking a no-fuss base for relaxed coastal getaways, while a level 817sqm (approx.) site presents fantastic scope to build a dream new home or luxury redevelopment (STCA). Move in while you plan your next project, or lease the home with ease, with its undeniable lifestyle appeal.
The Facts:
-Modest yet entirely comfortable single level home, jam-packed with potential for the future
-Impressive 817sqm (approx.) allotment with the advantage of dual street access
-Desirable north-to-rear orientation for sun-drenched outdoor living
-Superb lifestyle location, so close to both the Blue Waters Lake and Barwon River
-Enjoy as a fuss-free holiday or permanent home, or explore the possibilities for a luxury rebuild or complete redevelopment (STCA)
-Existing home features multiple living spaces, adding flexibility to the floorplan
-Kitchen with convenient breakfast island overlooks the open plan living hub
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Property Details for 1/17 Lake Ave, Ocean Grove

1/17 Lake Ave, Ocean Grove is a 1 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 817m2. The place is currently for sale with Bellarine Property - Barwon Heads.

Building Type
House
Land Size
817m2

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About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of total area. The population of Ocean Grove in 2011 was 12,555 people. By 2016 the population was 14,161 showing a population growth of 12.8% in the area during that time. The predominant age group in Ocean Grove is 0-9 years. Households in Ocean Grove are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ocean Grove work in a professional occupation. In 2011, 75.8% of the homes in Ocean Grove were owner-occupied compared with 76.1% in 2016.

Ocean Grove has 11,326 properties. Over the last 5 years, Houses in Ocean Grove have seen a 40.68% increase in median value, while Units have seen a 22.37% increase. As at 31 July 2024:

  • The median value for Houses in Ocean Grove is $996,466 while the median value for Units is $794,517.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 155 properties listed for sale, and 21 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 389 properties were sold in the past 12 months in Ocean grove.

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Toby Lee
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Kate Lane
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Bellarine Property - Barwon Heads
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