12 Blackwell Street

Ocean Grove VIC 3226

It does not take a lot of imagination to get a feel for the untapped potential on offer here. This is 696m (approx) of unlimited promise ripe for the picking. Properties in this enclave are rarely available and it is easy to see why they are so tightly held.

This leafy district sits snugly between the beautiful Blue Waters Lake and the Barwon River estuary. With a great opportunity to create up to two contemporary dwellings with a possible height of nine meters, that showcase and capitalise on the potential outstanding river, lake and coastal views is exciting (STCA).

The currently tenanted three bedroom plus two bathroom home may appeal to investors or renovators alike, however the obvious star here is the generous allotment size and undeniably popular location. Renown for its birdlife and tranquil walking tracks, the Blue Waters Lake is just a short stroll away. Golfing, fishing and boating are almost on the doorstep too. While world class beaches and boutique shopping and eateries are moments away.

This Old Grove location is fast becoming one of the most desired on the Bellarine, and now that the secret is out, opportunities such as this are scarce and extra golden.