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Sold on 14 Aug 2024 for $865,000

55 Asbury Street W
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 627m2
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Property Details for 55 Asbury St W, Ocean Grove

55 Asbury St W, Ocean Grove is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 627m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Ocean Grove in the last 12 months.

Building Type
House
Land Size
627m2
Local Government
Greater Geelong
Lot/Plan
37/LP54616

Last Listing description (August 2024)

Sold in just 7 days! For similar property hitting the market soon, contact Brock Grainger.

Embrace the promise and charm of this delightful 1960s beach shack positioned in the heart of ‘old’ Ocean Grove, offering the perfect blend of character and potential. This welcoming three-bedroom, one-bathroom home sits on a generous 627 sqm (approx.) block with potential north-facing views over the Blue Lakes Reserve, presenting an excellent opportunity for renovators, investors, or developers.


The home features three bedrooms, family bathroom with second toilet off the laundry, two cosy living areas and a spacious kitchen with compact meals area. The kitchen has practical, hardwaring benchtops and cabinetry with a built-in pantry and small study nook. The living spaces include a cozy sunroom with over-height windows and a separate lounge room with a wood-fired heater, perfect for warming the whole home on those cooler winter nights.

Outside, there is a covered timber deck bridging the front and rear yards featuring an established lemon tree, veggie beds, espaliered fruit trees and a firepit area. A storage shed/workshop adds convenience for hobbyists or additional storage needs.

Located just 100 meters from the local primary school, and in close proximity to The Terrace shops, amenities, and world-class beaches. The block’s gentle slope offers potential leafy north-facing views over Blue Lakes Reserve from a possible second storey (STCA).

For developers, the property presents an exciting opportunity for a dual- or multi-dwelling residential development (STCA). Whether you envision renovating the current residence to preserve its charm, building your dream family home or capitalising on the property’s development potential, this well-loved home is ripe for transformation.

Don’t miss this opportunity to secure a property with fantastic potential and create your dream future filled with possibilities.

Property History for 55 Asbury St W, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$865,000
14 Aug 2024
  • 10 Oct 2024
    Listed for Rent - Price not available
  • 14 Aug 2024
    Sold for $865,000
  • 08 Aug 2024
    Listed for Sale $850,000 - $930,000
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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
Brock Grainger
Show contact details
Brilee Stephenson
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RT Edgar Ocean Grove
Preferred contact:
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.