OFF MARKET

1/92 The Avenue
Ocean Grove VIC 3226

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 134m2
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Property Details for 1/92 The Avenue, Ocean Grove

1/92 The Avenue, Ocean Grove is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1982. The property has a land size of 134m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in June 2018.

Building Type
Unit
Year Built
1982
Floor Size
70m2
Land Size
134m2
Local Government
Greater Geelong
Lot/Plan
1/SP22912

Last Listing description (July 2018)

Small, but perfectly formed, this two bedroom unit is superbly situated and impeccably kept. Located just moments to The Terrace; shops, cafes, parks, beaches and schools are a gentle stroll away.
Offering oodles of storage, the kitchen features quality stainless steel Euro gas cooktop and electric oven, dishwasher and rangehood. There s space behind the kitchen for a cosy reading nook or study spot, capturing the sunshine off the courtyard and clever kitchen storage includes a pull out pantry and slimline cupboards making the most of the space. The generous kitchen bench overlooks the dining table, set against the sunny window. Behind the kitchen, a neat laundry, has yet more storage and includes a built in trough and space for washing machine. A second door leads to the courtyard, a private space that offers space for an outside table.
The two double bedrooms are carpeted and both include double mirrored BIRs and ceiling fans. A family bathroom with additional separate toilet includes contemporary tiling, a large vanity, shower and heated towel rack. Practical and attractive ceramic floor tiles feature in the living area of the property that also includes a water tank, SLUG, zoned cooling and heating and instantaneous hot water with temperatures controlled from the kitchen and bathroom.

Beautifully presented and nicely updated, this unit presents an ideal investment opportunity for buyers keen to enter the coastal market. Currently tenanted until October at $320 p/w this is a great opportunity for a lucky buyer.

Property History for 1/92 The Avenue, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$486,000
06 Jun 2018
Listed for Rent
$325/w
23 Sep 2016
  • 06 Jun 2018
    Sold for $486,000
  • 28 May 2018
    Listed for Sale $445,000 - $485,000
  • 25 Aug 2016
    Listed for Rent - Price not available
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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.

Suburb Insights for Ocean Grove 3226

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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.