FOR SALE
$750,000 - $825,000

144 Bonnyvale Road
Ocean Grove VIC 3226

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 613m2
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Build, Develop or Invest in Prime Ocean Grove Location

In the south-side of Ocean Grove's charming Collendina pocket, this 613m² site presents a compelling opportunity for the savvy buyer looking to build their dream home, or the investor after their next project.
Situated in a General Residential Zone, the sites potential is considerable. Build a coastal haven, tailored to your needs, or explore the possibility of a multi-dwelling project (STCA), capitalising on Ocean Grove's growing demand. The coastal setting and nearby amenities make it an attractive proposition.
A short 2 minute stroll takes you to the iconic Ocean Grove Surf Beach, Collendina Hotel, and Dawn Cafe, where you can soak up the coastal lifestyle, relax with friends and family, or grab a coffee before a morning surf.
With easy access to everything the Bellarine Peninsula has to offer, from award winning wineries to renowned golf clubs, don't miss this chance to secure a prime piece of Ocean Grove real estate.

Property Details for 144 Bonnyvale Rd, Ocean Grove

Building Type
Land
Land Size
613m2

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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 11,377 properties. Over the last 5 years, Houses in Ocean Grove have seen a 32.17% increase in median value, while Units have seen a 16.28% increase. As at 30 November 2024:

  • The median value for Houses in Ocean Grove is $989,663 while the median value for Units is $775,261.
  • Houses have a median rent of $580 while Units have a median rent of $520.
There are currently 171 properties listed for sale, and 17 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 398 properties were sold in the past 12 months in Ocean grove.

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Nick Ford
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Archie Nankivell
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