SOLD
Sold on 20 Feb 2024 for $798,000

5/81-83 Powell Street
Ocean Grove VIC 3226

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 93m2
Land area: 198m2
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Property Details for 5/81-83 Powell St, Ocean Grove

5/81-83 Powell St, Ocean Grove is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1985. The property has a land size of 198m2 and floor size of 93m2. While the property is not currently for sale or for rent, it was last sold in February 2024. There are other 2 bedroom Unit sold in Ocean Grove in the last 12 months.

Building Type
Unit
Year Built
1985
Floor Size
93m2
Land Size
198m2
Local Government
Greater Geelong
Lot/Plan
5/SP20918

Last Listing description (March 2024)

Private Inspections Welcome: This centrally located 2-bedroom brick unit has recently undergone an extensive renovation, making it a charming and inviting residence. The renovation encompasses various aspects of the property, from the stylish open-plan living area to the modern and spacious bathroom and upgrades to the electrical. Additionally, the outdoor space has been thoughtfully landscaped, featuring a serene undercover area for outdoor entertainment. With its prime location in the heart of town, leaving your car in the garage is a convenient choice, as you can easily access nearby shops, parks, and cafes on foot. This property offers a lifestyle characterised by convenience and comfort.

The shared driveway, adorned with low-maintenance flower beds, serves all five units on the allotment. Upon entering the unit, you'll find a primary living zone with calming neutral walls with white highlights and elegant drapes, creating an ambiance of serenity. Glass sliders to the north and west sides of the living area provide direct access to the enclosed yard, bringing the outdoors in. The well-equipped kitchen boasts quality appliances, including an Electrolux oven, a Westinghouse Induction hob, a breakfast bar, and a designer sink and tapware. Heating and cooling are zoned with a multihead split system in each bedroom and the living! Newly installed ceiling insulation is a winning addition for all-year comfort.

The bedrooms are generously sized and thoughtfully designed, offering ample storage and multiple windows that flood the rooms with natural light. These bedrooms share a contemporary main bathroom with monochromatic tiling, a vanity featuring a timber benchtop, and matte black fittings, creating a modern and aesthetically pleasing space. A concealed Euro laundry maximizes space and functionality.

The outdoor landscaping features timber decking with a private undercover entertaining area, perfect for year-round usage. It also includes well-kept lawned areas and drought-tolerant plantings in neat garden beds. For added privacy and security, external shutters adorn driveway windows. The property includes a single garage, providing both parking for your vehicle and storage for your beach gear.

This property is highly versatile, catering to first-time homebuyers, investors, and downsizers. It's move-in ready, and you can immediately relish the best of coastal living. Currently used as a holiday home and successful short-term holiday rental there is an opportunity to discuss purchasing with furniture. With Ocean Grove Park almost at your doorstep, you can enjoy daily strolls or frequent the vibrant monthly farmers' market. Alternatively, meet friends at the nearby cafes for a coffee before taking a brisk walk along Ocean Grove's beautiful Main Beach. Don't miss the opportunity to arrange an inspection and experience the convenience and comfort this property offers.

Property History for 5/81-83 Powell St, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$798,000
20 Feb 2024
  • 20 Feb 2024
    Sold for $798,000
  • 03 Nov 2023
    Listed for Sale $795,000-$810,000
  • 26 Feb 2022
    Sold for $810,000
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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 11,293 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.

Suburb Insights for Ocean Grove 3226

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Contact agent
Lynley Bassett
Show contact details
Penny Dawson
Show contact details
Hayden Real Estate - 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.