SOLD
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Sold on 11 Sep 2024 for $500,000

5 Rayville Street
Ocean Grove VIC 3226

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 592m2
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Property Details for 5 Rayville St, Ocean Grove

Building Type
Land
Land Size
592m2
Local Government
Greater Geelong
Lot/Plan
869/PS816899

Last Listing description (September 2024)

Defined:
Bellarine life awaits you at this titled, 592sqm block in the heart of the coveted Oakdene Estate. Offering a northern aspect, there is room here for your dream coastal home, customised to your unique specification. Whether you’re an investor, downsizer or a purchaser keen to wholeheartedly embrace the Bellarine lifestyle, this block offers opportunity and the chance to live 15 minutes away from spectacular surf beaches, calming bay waters and vibrant local townships. Tranquil walks on the beach are a dream way to begin your day and the nearby Devlin’s Park is the perfect spot for a kick of the footy. A family friendly community with quality primary and secondary schooling options close by this block presents the chance to design, build and truly experience the coastal life.

Considered:

• Close to quality schools
• Easy access to local shops and restaurants
• Close to the beaches of the Bellarine and beyond
• 592sqm titled, flat block, north facing, ready for your bespoke home

Close by facilities – Devlins Park, sporting ovals, Ocean Grove Nature Reserve, walking tracks, Kingston Village shopping centre, Barwon River, Bellarine Surf Beaches

Ideal for – Couples, investors, young professionals, families

*All information offered by Oslo 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 Oslo Property simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Oslo Property will not be liable for any loss resulting from any action or decision by you in reliance on the information.*

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Property History for 5 Rayville St, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$500,000
11 Sep 2024
  • 11 Sep 2024
    Sold for $500,000
  • 20 Aug 2024
    Listed for Sale $500,000-$550,000
  • 21 Nov 2021
    Sold for $469,000

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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 11,302 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 170 properties listed for sale, and 16 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 385 properties were sold in the past 12 months in Ocean grove.

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