OFF MARKET

139 The Avenue
Ocean Grove VIC 3226

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 115m2
Land area: 821m2
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Property Details for 139 The Avenue, Ocean Grove

Building Type
Land
Floor Size
115m2
Land Size
821m2
Local Government
Greater Geelong
Lot/Plan
253/LP1854

Last Listing description (November 2023)

The Feel:
Sensationally positioned within 600m of both the beach and town centre, this cleared, level and ready-to-go corner allotment presents an inspiring opportunity to stake your claim in an exclusive beachside neighbourhood. Set on a whopping 815sqm (approx.) of prime coastal land amidst a soothing soundtrack of rolling waves, the property offers a glorious site to construct your dream coastal retreat (STCA); or capitalise on the outstanding potential for a multi-dwelling development -plans for two townhouses already have Council approval. Don't miss this rare chance to custom design your future, surrounded by the abundant lifestyle advantages of this prestigious Old Ocean Grove setting.

The Facts:

-Rare 815sqm (approx.) parcel of cleared, vacant land presenting endless possibilities for future seaside bliss
-Design & build your luxury coastal masterpiece or consider the potential for multiple dwellings - plans for two townhouses already have Council approval
-Exclusive & peaceful pocket of Old Ocean Grove, directly opposite Memorial Reserve
-Surrounded by an eclectic mix of luxury new builds and characterful weekenders, there's no shortage of local inspiration for your future residence
-Dual street frontage with 40.9m (approx.) depth caters to design flexibility
-Conveniently positioned for a relaxed coastal lifestyle, you can wander to the thriving dining & retail offerings of the Ocean Grove town centre
-Walk to the beach for a morning dip & finish your day with a sunset stroll along the sand
-Celebrated location also puts you in perfect proximity to the region's award-winning wineries, restaurant, golf-courses & the beautiful townships & beaches of the Bellarine Peninsula
-Reap the rewards of this rare offering surrounded by all the spoils of this thriving region

The Owner Loves.
"When it comes to lifestyle and potential, this large landholding in an elite Old Grove location is second to none. The substantial site lends itself to a myriad of design possibilities where you can leave the car at home, and take a short stroll to the beach and town centre."

*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 inquiries 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 139 The Avenue, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$1,650,000
07 Oct 2022
Listed for Rent
$300/w
05 May 2016
  • 21 Sep 2023
    Listed for Sale $1,650,000-$1,750,000
  • 13 Oct 2022
    Listed for Sale $1,650,000-$1,750,000
  • 07 Oct 2022
    Sold for $1,650,000
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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 11,326 properties. Over the last 5 years, Houses in Ocean Grove have seen a 40.68% increase in median value, while Units have seen a 22.37% increase. As at 31 July 2024:

  • The median value for Houses in Ocean Grove is $996,466 while the median value for Units is $794,517.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 155 properties listed for sale, and 21 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 389 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.