OFF MARKET

21 Great Ocean Road
Marengo VIC 3233

Bedrooms: 5
Bathrooms: 2
Car spaces: -
Floor area: 162m2
Land area: 878m2
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Last updated 16 Sep 2024
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Property Details for 21 Great Ocean Rd, Marengo

21 Great Ocean Rd, Marengo is a 5 bedroom, 2 bathroom House and was built in 1970. The property has a land size of 878m2 and floor size of 162m2. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
House
Year Built
1970
Floor Size
162m2
Land Size
878m2
Local Government
Colac Otway
Lot/Plan
2/LP118801

Last Listing description (November 2019)

With a grassy 250 metre track to the beach out the back and the iconic Great Ocean Road at the front door, this big little beach house sits on a spacious 880m2 block.
It features six bedrooms, two kitchens, two living spaces, two bathrooms, two big reverse cycle air conditioners, two separate decks and twice as much garden charm as youll find on your average suburban block.
Currently generating a good income as a holiday rental, the possibilities for improvement or development are plentiful. (Subject to council approval of course.)

Buy now as long term, low cost investment with your own personal family holidays built in, renovate and enjoy immediately or
live in one section and run the rest as a B&B.
However you dice it, this is an rare chance to own a slice of ocean side serenity at a very approachable price.

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Property History for 21 Great Ocean Rd, Marengo, VIC 3233

A timeline of how this property has performed in the market
Last Sold
$520,000
04 Nov 2019
  • 04 Nov 2019
    Sold for $520,000
  • 24 Sep 2019
    Listed for Sale $525,000
  • 05 Feb 2018
    Sold for $440,000
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About Marengo 3233

The size of Marengo is approximately 2.7 square kilometres. It has 3 parks covering nearly 8.1% of total area. The population of Marengo in 2011 was 222 people. By 2016 the population was 229 showing a population growth of 3.2% in the area during that time. The predominant age group in Marengo is 60-69 years. Households in Marengo are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Marengo work in a trades occupation. In 2011, 84.4% of the homes in Marengo were owner-occupied compared with 65% in 2016.

Marengo has 364 properties. Over the last 5 years, Houses in Marengo have seen a 62.21% increase in median value, while Units have seen a -9.52% decrease. As at 31 August 2024:

  • The median value for Houses in Marengo is $1,125,444 while the median value for Units is $421,882.
  • Houses have a median rent of $280.
There are currently 3 properties listed for sale, and no properties listed for rent in Marengo on OnTheHouse. According to CoreLogic's data, 7 properties were sold in the past 12 months in Marengo.

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