1/5 The Terrace Ocean Grove VIC 3226
Property Details for 1/5 The Terrace, Ocean Grove
1/5 The Terrace, Ocean Grove is a 4 bedroom, 2 bathroom Unit. The property has a land size of 230m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in November 2023. There are other 4 bedroom Unit sold in Ocean Grove in the last 12 months.
Last Listing description (January 2024)
Nestled in the heart of Ocean Grove, this property is magnificently located, offering a gateway to all the quintessential attractions that make this coastal town so irresistible. Whether you're drawn to the serene Barwon River, the lush greens of the Golf Course, the sun-kissed sands of the Beach, the delectable offerings of The Garage Cafe, or the camaraderie of the Ocean Grove Bowling Club, you'll find yourself spoiled for choice.
As you step inside our welcoming abode, natural light floods the open living spaces, creating an inviting atmosphere that immediately puts you at ease. The lounge, with its abundance of windows and ample floor space for seating, provides a perfect vantage point to observe the front yard and soak in the sunlight.
Adjacent to the lounge, the dining room seamlessly connects to the well-appointed kitchen, ensuring that the cook remains an integral part of the action, never missing a moment of the social buzz. Double sliding doors open onto the property's focal point-an undercover sitting and lounging area, bathed in northern sunlight. It's an idyllic spot for quiet contemplation with a book and coffee in hand or for lively gatherings with friends and family.
Undoubtedly, a crowd pleasure is the fully fenced spa, built-in to provide hours of relaxation and delight for all. Adding an extra layer of luxury to your coastal retreat. Venturing further, the "west wing" of the house reveals three spacious double bedrooms, all featuring built-in robes, and two updated bathrooms. Additionally, a European-style laundry offers convenience and efficiency. The once single garage has been cleverly transformed into a versatile fourth bedroom or multipurpose room, allowing you to tailor it to your specific needs.
With ducted heating, an unbeatable location, numerous storage solutions, and an overall atmosphere of good vibes, this property encapsulates the essence of coastal living at its finest. Don't hesitate to make this your new sanctuary-a place where all the reasons to come to Ocean Grove are right at your doorstep.
Property History for 1/5 The Terrace, Ocean Grove, VIC 3226
- 29 Nov 2023Sold for $900,000
- 15 Sep 2023Listed for Sale $875,000-$945,000
- 31 Jan 1997Sold for $116,500
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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 11,324 properties. Over the last 5 years, Houses in Ocean Grove have seen a 41.75% increase in median value, while Units have seen a 29.44% increase. As at 30 September 2024:
- The median value for Houses in Ocean Grove is $1,004,394 while the median value for Units is $816,864.
- Houses have a median rent of $575 while Units have a median rent of $520.
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