SOLD
RECENT ADVICE
Sold on 02 Dec 2024 for $775,000

2/5 The Terrace
Ocean Grove VIC 3226

Bedrooms: 4
Bathrooms: 1
Car spaces: -
Land area: 323m2
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Property Details for 2/5 The Terrace, Ocean Grove

2/5 The Terrace, Ocean Grove is a 4 bedroom, 1 bathroom Townhouse. The property has a land size of 323m2. While the property is not currently for sale or for rent, it was last sold in December 2024. There are other 4 bedroom Townhouse sold in Ocean Grove in the last 12 months.

Building Type
Townhouse
Land Size
323m2

Last Listing description (December 2024)

The Feel:
Impeccable presentation, a generous layout, and a premium river-end position deliver the perfect environment for laidback, low-maintenance living in this inviting 3-bedroom residence. A versatile and surprisingly spacious floorplan reveals plenty of space to relax, retreat, and entertain with multiple living zones and an effortless flow outside to a covered entertainer’s patio. A large home office provides added flexibility, while sunny, easy-care surrounds enjoy a wonderful sense of privacy. With immediate appeal for downsizers, weekenders, and growing families, the home is enviably positioned within a short walk of the beach, river, and town centre.

The Facts:

-Immaculately kept 4-bedroom home, offering a move-in ready coastal opportunity
-Superb position in the heart of Ocean Grove, walking distance to all the town’s key lifestyle assets
-Set back from the street, the residence enjoys a wonderful sense of privacy
-A versatile single-level layout reveals a choice of living zones to easily accommodate families
-Free-flowing kitchen & living zone opens to an alfresco patio & sunny, private lawn
-Adjoining lounge/dining area extends the options for relaxed living
-Super-functional kitchen with breakfast seating includes a dishwasher & plentiful storage space
-3 carpeted bedrooms, all with BIRs, are awash with glorious northern light
-The well-maintained family bathroom reveals a built-in bath & separate WC
-A generous home office provides versatility for a 4th bedroom or additional living space
-Undercover alfresco zone features eZIP track blinds, providing protection from the elements
-Easy-care 326sqm (approx.) allotment offers lock-and-leave flexibility, perfect for weekenders
-Ducted heating + reverse cycle a/c to both living areas ensures seasonal comfort
-Discover a myriad of lifestyle assets including the Barwon River & patrolled surf beach within a short stroll of your front door
-Play a round at the local golf course, wander across the road to the Ocean Grove Bowling Club & pick up your morning coffee from the nearby Garage Cafe
-Don’t miss this chance to secure a prime low-maintenance investment in a thriving coastal location

The Owner Loves…
“There’s a true holiday vibe from the moment you arrive. Whether it’s the sound of crashing ocean waves, the salty sea air, or the home’s laidback feel, there’s a complete sense of relaxation as soon as you step inside.”

*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 2/5 The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$775,000
02 Dec 2024
  • 02 Dec 2024
    Sold for $775,000
  • 14 Mar 2024
    Listed for Sale $775,000-$850,000
  • 12 Mar 1993
    Sold for $115,000

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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 11,377 properties. Over the last 5 years, Houses in Ocean Grove have seen a 32.17% increase in median value, while Units have seen a 16.28% increase. As at 30 November 2024:

  • The median value for Houses in Ocean Grove is $989,663 while the median value for Units is $775,261.
  • Houses have a median rent of $580 while Units have a median rent of $520.
There are currently 172 properties listed for sale, and 19 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 398 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

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Kate Lane
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Toby Lee
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Bellarine Property - Barwon Heads
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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.