FOR SALE
$2,000,000 - $2,200,000

149 The Terrace
Ocean Grove VIC 3226

Bedrooms: 5
Bathrooms: 2
Car spaces: 2
Land area: 815m2
Improve this data
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
Share
Save

Priceless Views In Residential Growth Zone

Constructed in 1952 on the highest vantage point of The Terrace, this original beach house on a generous 814 sqm allotment (approx.) is a rare find, reminiscent of old school seaside architecture. Treasured uninterrupted views of Port Phillip Heads from Point Lonsdale across to the Barwon Heads Bluff and more distantly Torquay, complement verdant outlooks of the Begola wetlands over to the 139 hectare expanse of Lake Victoria.
Spread out across two authentic levels - both focused on inviting the aquamarine ocean skyline throughout the interior, three living areas, four bedrooms and three bathrooms will accommodate the largest of families and visiting guests with confidence. The central kitchen is fully equipped to cater for all, with the modern additions of a 900mm freestanding oven and gas cooktop, Bosch dishwasher and a bounty of bench space. Multiple storage rooms and outbuildings with flexibility of use, complete the residential aspect.
Builders, developers and investors will be attracted to the uncharted potential of this property, with its favourable location and probable scope for profit undeniable in the future. Opportunity knocks in multiple ways, whether you are an experienced investor or a first-home buyer seeking a rewarding project (STCA). The wide frontage will permit for sub-division and multi-dwelling construction up to 10.5 metres (STCA), with the option to sit tight for now and land bank for the future.
This iconic Terrace location is an easy stroll to the water's edge, the town centre and all practical community assets. A unique property with enormous ambition moving forward, guaranteed to attract strong interest.
View Statement of Information

Property Details for 149 The Terrace, Ocean Grove

149 The Terrace, Ocean Grove is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 815m2. The place is currently for sale with RT Edgar Ocean Grove.

Building Type
House
Land Size
815m2

Commute Calculator

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 175 properties listed for sale, and 16 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in Ocean grove.

Ocean Grove Profile Page

Suburb Insights for Ocean Grove 3226

Visit Ocean Grove profile page
Market Insights
Ocean Grove Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Ocean Grove Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Ocean Grove profile page
Contact agent
Candace Smith
Show contact details
Call agent
Aaron Jones
Show contact details
Call agent
RT Edgar Ocean Grove
Preferred contact:
Privacy Policy
CoreLogic Copyright and Legal Disclaimers about Property Data

© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.

Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED