FOR SALE
$1,350,000-$1,450,000 each

22 & 24 The Parade
Ocean Grove VIC 3226

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 822m2
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Rare Vacant Double Allotment – Buy One or Both

The Feel:
Opportunity knocks loud and clear with these two generous vacant allotments, to be sold individually or as one, in an exclusive river-end precinct 500m from the water’s edge. There is unlimited scope to craft your dream coastal dwelling across a single 822sqm (approx.) site, or to combine both titles and create a new townhouse or multi-dwelling development (STCA). Land of this size and calibre rarely becomes available – seize the chance to unlock the full potential of this prized setting where the options are only as limited as your imagination.
The Facts:
-Rare vacant allotments, on 2 separate titles and offering 1644sqm (approx.) in total
-Available to purchase together or as individual 822sqm (approx.) lots
-Options abound to craft your dream home or capitalise on the potential for a multi-dwelling development (STCA)
-Gentle elevation presents opportunities to capture potential coastal views
-Each site offers 40.86m depth & 20.09m north frontage, lending itself to passive design principles
-Premium riverside setting provides an extraordinary opportunity to curate a lifestyle of luxury
-Wander to the Barwon River for daily walks, picking up your morning coffee from Garage on the way
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Property Details for 22 & 24 The Parade, Ocean Grove

Building Type
Land
Land Size
822m2

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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 179 properties listed for sale, and 20 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 376 properties were sold in the past 12 months in Ocean grove.

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Toby Lee
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Bellarine Property - Barwon Heads
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