SOLD
Sold on 31 Jul 2024 for $850,000

70 Eggleston Street
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 148m2
Land area: 640m2
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Property Details for 70 Eggleston St, Ocean Grove

70 Eggleston St, Ocean Grove is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 640m2 and floor size of 148m2. While the property is not currently for sale or for rent, it was last sold in July 2024. There are other 3 bedroom House sold in Ocean Grove in the last 12 months.

Building Type
House
Floor Size
148m2
Land Size
640m2
Local Government
Greater Geelong
Lot/Plan
5/LP53876

Last Listing description (August 2024)

Seize this exceptional opportunity to acquire a property in the coveted 'Old Grove' area of Ocean Grove. This substantial 640 sqm (approx.) block is a prime candidate for developers, builders, or renovation enthusiasts. The existing residence, a 1960s home in original condition, has been under single ownership since it was built, adding to its unique cultural history.

The weatherboard house features three bedrooms, one bathroom with a separate toilet, and a single living area. Some solid hardwood floors are exposed and others hidden beneath the carpet. The kitchen, unchanged since the 1960s, includes a meals area and leads to a large laundry and access to the rear yard. This unmodified home is a solid starting point for those looking to embark on a substantial renovation project. Or, for those with a vision for new construction, the generous block size offers endless possibilities, including the development of a large single dwelling or potential townhouse builds. (STCA).

Located in the heart of Ocean Grove, the property is in close proximity to world-class beaches, reputable schools, shops, and essential amenities. One of the first lots sold when the Agwyn Campsite for migrants was subdivided in the mid-20th century, this is a property steeped in history. This connection to Ocean Grove's multicultural past adds an intriguing layer to any future development, making it not just a project, but a part of the local narrative.

This is not your typical family home-it's a rare opportunity to secure a piece of 'Old Grove' and transform it into something extraordinary. Whether you choose to renovate and preserve its remaining mid-century features or opt for a complete rebuild, the potential here is immense. Don't miss out on this unique chance to make your mark in one of Ocean Grove's most desirable areas.

- Exceptional opportunity for developers or reno-enthusiasts
- Large 640 sqm (approx.) block presents flexible opportunities
- Potential to renovate or knock-down and rebuild (STCA)
- Original 1960s weatherboard home; three beds, one bath
- Prime location close to beach, schools, shops and amenities
- Historically significant location in 'Old Grove'

Property History for 70 Eggleston St, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$850,000
31 Jul 2024
  • 31 Jul 2024
    Sold for $850,000
  • 27 Jun 2024
    Listed for Sale Not Disclosed

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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 11,294 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 180 properties listed for sale, and 20 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 378 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

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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.