OFF MARKET

1/76A The Terrace
Ocean Grove VIC 3226

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 101m2
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Property Details for 1/76a The Terrace, Ocean Grove

1/76a The Terrace, Ocean Grove is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1983. The property has a floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in February 2018.

Building Type
Unit
Year Built
1983
Floor Size
101m2
Local Government
Greater Geelong
Lot/Plan
1/PS612337

Last Listing description (March 2019)

Situated right at the heart of The Terrace cafe precinct, and just 400m (approx.) to the sand, this stylish residence provides immediate access to Ocean Grove's best assets - making it an ideal weekender, holiday rental investment or permanent residence.
-Ideal addition to your Self-Managed Super Fund portfolio
-Potentially lucrative holiday rental

-Private 2BR residence, exuding timeless sophisticated and light-filled open plan design
-Full height picture windows to living let in floods of natural light
-Bi-fold glass doors line the central hall, and when opened extend the living space onto the terrace
-The north facing terrace enjoys all year sun, equipped with a sundeck and huge covered alfresco
-Southside is a long balcony with another 2nd sitting space, with direct access from the master
-Louvres in the main living zone let the sea breeze in, along with the sound of crashing waves
-This open living/dining and kitchen space is perfect for hosting events and everyday living
-A chef's kitchen with long glass splashback and vast stone benchtop is a real highlight
-Quality appliances and an abundance of premium cabinetry ensure this space will cater well to all
-A large dining zone is shared with living, with the entertaining space doubled by bi-fold doors
-An undercover terrace will be used throughout the seasons, with a step up to a sunny timber deck
-The hotel style bathroom features an in-situ shower, wide stone topped vanity off the central hall
-Look out to the water from the master suite, with WIR, sleek ensuite and direct balcony access
-Guests are well catered for in the 2nd bedroom, full of northern light and floor to ceiling robes
-A euro laundry hides behind floor to ceiling cupboards at the end of the hall, with deep sink
-Double glazed windows and doors, reverse cycle heating and cooling, SSAC and fans
-Perfect for those wanting a low-maintenance coastal home, yet large enough for entertaining!
-Excellent potential for holiday rental all year round in this ever popular tourist region
-Secure car space beneath the building, with private internal access delivering you to your door
-Video intercom, fantastic storage, and a handy beach shower to the rear to rinse off the sand
Find yourself spoilt for choice for things to do in this prized location. With cafes, shops and the beach all within walking distance - you'll never need to stray far for something enjoyable to do!
*All information offered by Bellarine Property is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Bellarine Property simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Bellarine Property will not be liable for any loss resulting from any action or decision by you in reliance on the information.

Property History for 1/76a The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$2,465,000
23 Feb 2018
  • 07 May 2018
    Listed for Sale $775,000-$850,000
  • 23 Feb 2018
    Sold for $2,465,000

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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 11,293 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 175 properties listed for sale, and 17 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 385 properties were sold in the past 12 months in Ocean grove.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.