FOR SALE
$795,000-$860,000

2/5 The Terrace
Ocean Grove VIC 3226

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Land area: 323m2
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Walk to the Beach, River & Village Centre

The Feel:
Impeccable presentation, a generous layout, and a premium river-end position deliver the perfect environment for laidback, low-maintenance living in this inviting 3-bedroom residence. A versatile and surprisingly spacious floorplan reveals plenty of space to relax, retreat, and entertain with multiple living zones and an effortless flow outside to a covered entertainer’s patio. A large home office provides added flexibility, while sunny, easy-care surrounds enjoy a wonderful sense of privacy. With immediate appeal for downsizers, weekenders, and growing families, the home is enviably positioned within a short walk of the beach, river, and town centre.
The Facts:
-Immaculately kept 4-bedroom home, offering a move-in ready coastal opportunity
-Superb position in the heart of Ocean Grove, walking distance to all the town’s key lifestyle assets
-Set back from the street, the residence enjoys a wonderful sense of privacy
-A versatile single-level layout reveals a choice of living zones to easily accommodate families
-Free-flowing kitchen & living zone opens to an alfresco patio & sunny, private lawn
-Adjoining lounge/dining area extends the options for relaxed living
-Super-functional kitchen with breakfast seating includes a dishwasher & plentiful storage space
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Property Details for 2/5 The Terrace, Ocean Grove

2/5 The Terrace, Ocean Grove is a 4 bedroom, 1 bathroom Townhouse. The property has a land size of 323m2. The place is currently for sale with Bellarine Property - Barwon Heads.

Building Type
Townhouse
Land Size
323m2

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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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Suburb Insights for Ocean Grove 3226

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Toby Lee
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Kate Lane
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Bellarine Property - Barwon Heads
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