FOR SALE
$1,250,000 - $1,375,000

102 The Parade
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 812m2
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Paramount Position And Potential

Take Advantage of Existing Approved Plans with Residential Zoning
Discover the enormous potential of this property located in the vibrant village centre of Ocean Grove, just 450 meters away from the beautiful surf beaches. Sitting on a generous 812 sqm (approx.) of flat land with a wide street frontage, the possibilities for development here are boundless and limited only by your imagination. Potential views from upper levels (STCA) add to the allure.
Take advantage of the existing approved plans or explore the option of utilizing the current three-bedroom home as an ideal rental property. The property holds outstanding prospects for future renovation and extension, multi-dwelling development, or even commercial growth (STCA).
Moreover, this invaluable location is conveniently situated just 150 meters (approx.) from the absolute town centre, offering exceptional vehicle access and off-street parking. Noteworthy assets include a single garage with additional workshop/shedding, north-facing living spaces, gas heater, and solid brick veneer construction.
Embrace the coastal dream and secure this promising property now! Don’t miss out on this golden opportunity.
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Property Details for 102 The Parade, Ocean Grove

102 The Parade, Ocean Grove is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 812m2. The place is currently for sale with RT Edgar Ocean Grove.

Building Type
House
Land Size
812m2

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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 11,294 properties. Over the last 5 years, Houses in Ocean Grove have seen a 36.81% increase in median value, while Units have seen a 21.01% increase. As at 31 October 2024:

  • The median value for Houses in Ocean Grove is $991,968 while the median value for Units is $770,658.
  • Houses have a median rent of $580 while Units have a median rent of $520.
There are currently 180 properties listed for sale, and 20 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 378 properties were sold in the past 12 months in Ocean grove.

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Aaron Jones
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Brock Grainger
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RT Edgar Ocean Grove
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