OFF MARKET

138 The Terrace
Ocean Grove VIC 3226

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 229m2
Land area: 816m2
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Last updated 11 Nov 2024
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Property Details for 138 The Terrace, Ocean Grove

138 The Terrace, Ocean Grove is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 2000. The property has a land size of 816m2 and floor size of 229m2. While the property is not currently for sale or for rent, it was last sold in September 2016.

Building Type
House
Year Built
2000
Floor Size
229m2
Land Size
816m2
Local Government
Greater Geelong
Lot/Plan
129/LP1854

Last Listing description (February 2017)

Is this the bargain of the year?
Virtually selling at land value, this spacious modern home with some of the best ocean views and in one of the most prized locations a short walk to the surf beach and the town centre. 4 large bedrooms, two separate living areas, 3 bathrooms, huge kitchen with Miele appliances, expansive balconies for alfresco dining and uninterrupted views. 3 car garage with rear access to the large backyard, refrigerated cooling and ducted heating. You could easily render the brickwork to bring this home to the current fashion or even knock it all over and build two side by side townhouses on this large allotment (STCA) and have the best homes in this privileged and sought after position.

Property History for 138 The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$1,560,000
06 Sep 2016
Listed for Rent
$950/w
26 Feb 2024
  • 04 Nov 2016
    Listed for Rent - Price not available
  • 06 Sep 2016
    Sold for $1,560,000
  • 09 Dec 2015
    Listed for Sale PRICE RANGE $1,700,000 TO $1,750,000
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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 11,294 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 16 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 383 properties were sold in the past 12 months in Ocean grove.

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