14 Pearl StreetOcean Grove VIC 3226
Property Details for 14 Pearl St, Ocean Grove
14 Pearl St, Ocean Grove is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 613m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Ocean Grove in the last 12 months.
Last Listing description (August 2024)
Located in the heart of Ocean Grove, this authentic 1960s beach-shack offers a plethora of opportunities. Whether looking to create your own version amidst this natural establishment or exploring the potential to redevelop the site into a multi-townhouse complex (subject to council approval), the possibilities are expansive.
The property exudes nostalgic charm with 3 bedrooms, 1 bathroom, 2 living areas, functional kitchen, and timber veranda. Central heating and a split system ensure comfort throughout the year. Positioned on a generous 613m2 allotment with a 16.8-meter frontage and no easements , developers have ample opportunity to reconfigure the site among other subdivisions in the same street. Previously leased at $450 per week, it offers potential income while plans and permits are pursued.
Conveniently located within a short walk to the Blue Waters precinct and Ocean Grove Primary School, and just a two-minute drive to Ocean Grove's main hub, surf beach, and sporting grounds, this property combines tranquility, accessibility, and potential profit. Whether you envision a custom-designed home or a strategic development venture, this property embodies the allure and promise of coastal living.
Property History for 14 Pearl St, Ocean Grove, VIC 3226
- 27 Jul 2024Sold for $705,000
- 04 Jul 2024Listed for Sale Contact agent
- 27 May 2021Listed for Rent - Price not available
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0About 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 11,264 properties. Over the last 5 years, Houses in Ocean Grove have seen a 41.75% increase in median value, while Units have seen a 29.44% increase. As at 30 September 2024:
- The median value for Houses in Ocean Grove is $1,004,394 while the median value for Units is $816,864.
- Houses have a median rent of $575 while Units have a median rent of $520.
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