FOR SALE
$1,140,000

1A The Terrace
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 774m2
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Charming Coastal Opportunity in the Heart of Ocean Grove

Situated in one of Ocean Grove’s most sought-after locations, 1A The Terrace presents a rare opportunity to embrace coastal living at its finest. This charming 3-bedroom brick home sits on an expansive 774m² block, offering a tranquil lifestyle with the convenience of everything you need just a short stroll away.
Perfectly positioned only 250 metres from the serene Barwon River and 850 metres to Ocean Grove's stunning main beach, this property allows you to immerse yourself in the natural beauty of the coastline. Ocean Grove’s vibrant cafes, restaurants, and boutique shops are right up the road, making it easy to enjoy a morning coffee, casual lunch, or evening out with friends. And if you’re in the mood for a change of scenery, the scenic walk across the bridge to Barwon Heads opens up even more dining and shopping options in this iconic coastal village.
The home itself exudes warmth and character, with its solid brick construction providing a timeless appeal. Inside, you’ll find three generously sized bedrooms, offering plenty of space for families or holidaymakers alike. The floor plan is versatile, featuring a comfortable living area filled with natural light and a functional kitchen that’s perfect for preparing meals after a day at the beach. Large windows throughout the home invite the outdoors in, creating a relaxed and breezy coastal atmosphere.
For those looking to add their personal touch, the property presents ample opportunity to renovate or extend, transforming it into your dream home. The expansive block provides plenty of room to explore new possibilities, whether you want to create an outdoor entertaining area, add a pool, or landscape a garden oasis. Alternatively, the development potential of the site opens up options for investors or those looking to maximize the property’s value.
With its unbeatable location and undeniable charm, 1A The Terrace, Ocean Grove, is more than just a home—it’s a lifestyle. Whether you're dreaming of moving in right away, renovating to create a custom coastal haven, or developing the site to unlock its full potential, this property offers a rare chance to secure your place in one of the Bellarine Peninsula’s most desirable areas. Don’t miss out on this exceptional opportunity to make this coastal gem your own!
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Property Details for 1a The Terrace, Ocean Grove

1a The Terrace, Ocean Grove is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 774m2. The place is currently for sale with Hodges Ocean Grove.

Building Type
House
Land Size
774m2

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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 11,379 properties. Over the last 5 years, Houses in Ocean Grove have seen a 27.88% increase in median value, while Units have seen a 28.14% increase. As at 28 February 2025:

  • The median value for Houses in Ocean Grove is $990,323 while the median value for Units is $782,291.
  • Houses have a median rent of $575 while Units have a median rent of $495.
There are currently 166 properties listed for sale, and 15 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 402 properties were sold in the past 12 months in Ocean grove.

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Hodges Ocean Grove
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