OFF MARKET

50 Draper Street
Ocean Grove VIC 3226

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 200m2
Land area: 814m2
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Property Details for 50 Draper St, Ocean Grove

50 Draper St, Ocean Grove is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 814m2 and floor size of 200m2. While the property is not currently for sale or for rent, it was last sold in January 2023.

Building Type
House
Year Built
1970
Floor Size
200m2
Land Size
814m2
Local Government
Greater Geelong
Lot/Plan
285/LP1855

Last Listing description (February 2023)

The Feel:
Abounding with character, space and potential, this original home on an expansive site presents a rare opportunity to enjoy as-is, renovate or build a luxurious new seaside residence, in one of the Ocean Grove’s most coveted locales. Leave the keys at home – this incredible location is a lazy stroll to park, shops, restaurants and the surf, ensuring all your lifestyle needs are within easy reach. The property also comes with plans for an architect-designed duplex, giving you a head-start on establishing your exclusive Bellarine Peninsula lifestyle (STCA).

The Facts:

-This bright & spacious original home set across two light-filled levels is ripe with potential
-Desirable central Ocean Grove location is within a short walk of local parkland (150m), shopping & dining (400m), & world class beach (900m)
-Situated on an impressive 811sqm (approx.) allotment, the residence lends itself to renovation or redevelopment (STCA)
-The property comes with drawings for a duplex development, designed by architecture firm Studio All
-Perfectly liveable as-is, you can move in & enjoy the existing 2-storey home while you explore your options
-Lower level offers light-filled meals, kitchen & dining space flanked by a wall of east-facing windows
-Two downstairs bedrooms include spacious master suite featuring a WIR & ensuite with double shower
-Privately located study for homework or working from home
-Upstairs you’ll find a 2nd living space, two further bedrooms with BIRs, plus 5th bedroom with versatility for home office set-up
-Large family bathroom with corner spa bath & classic glass brick shower services the upstairs (separate WC), with 2nd bathroom to the lower level
-Ducted heating, wood burning fire, reverse cycle split system unit & ceiling fans acclimates the home
-Extensive off-street parking includes SLUG, double car port & generous driveway parking
-Additional features: solid hardwood flooring, solar panels for energy efficiency, & home workshop with built-in bench space
-East-facing private yard with substantial gazebo & pizza oven offers year-round outdoor lifestyle appeal
-The beautifully landscaped gardens are characterised by feature a date palm, complemented by natural & productive plantings
-A rare opportunity to create your own coastal haven in the heart of town

The Owner Loves….
“It’s a really social house – there’s room for everyone, inside and out. We have had some great little parties outdoors with the pizza oven, and there’s even plenty of parking space. It’s also a wonderful space to simply relax and soak up the beautiful all-day sunshine, or the perfect base to head out and about to the shops, beach or market.”

*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 50 Draper St, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$1,450,000
25 Jan 2023
  • 25 Jan 2023
    Sold for $1,450,000
  • 15 Jul 2022
    Listed for Sale $1,495,000-$1,555,000
  • 14 Sep 2021
    Sold for $1,550,000
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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 11,292 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.
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.

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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.