28 Holburn RiseOcean Grove VIC 3226
Property Details for 28 Holburn Rise, Ocean Grove
Last Listing description (October 2024)
The Feel:
Playing host to four generous residential allotments, this prime coastal site totalling 2888sqm (approx.), offers a diverse development opportunity within a peaceful, family-friendly pocket of Ocean Grove. The north-facing blocks, each measuring 722sqm (approx.), benefit from a peaceful park and lakeside position, providing the ideal blank canvas to bring your residential development dreams to life. With allotments of this size and position rarely offered, the possibility exists to build multiple luxury dwellings, explore the potential for further subdivision (both STCA), or simply landbank for the future.
The Facts:
-Rare vacant landholding totalling 2888sqm (approx.)
-Comprised of 4 x 722sqm allotments, all titled and ready to build
-Exciting prospect for visionary developers & builders construct one home on a lot or multiple dwellings (STCA)
-Zoned General Residential
-122m (approx.) street frontage lends itself to design flexibility
-Peaceful pocket offers broad family appeal, neighbouring parkland, lake & playground
-Sought-after location also offers easy access to a choice of shopping centres, schools & sporting facilities
-Discover the regions spectacular recreation facilities including world-class beaches
*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 28 Holburn Rise, Ocean Grove, VIC 3226
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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 11,292 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.
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