OFF MARKET

76 The Terrace
Ocean Grove VIC 3226

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Land area: 569m2
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Property Details for 76 The Terrace, Ocean Grove

76 The Terrace, Ocean Grove is a 2 bedroom, 2 bathroom Unit with 1 parking spaces. The property has a land size of 569m2.

Building Type
Unit
Land Size
569m2
Local Government
Greater Geelong
Lot/Plan
2/PS612337

Last Listing description (April 2021)

** ACCESS VIA LANEWAY BESIDE OCEAN GROVE ICECREAMS**

The Feel:
Tucked privately to the rear of The Terrace shopping and dining precinct and just 400m approx. to the sand, this spacious, light-filled apartment provides immediate access to Ocean Grove's best assets - making it an ideal weekender, holiday rental investment or permanent residence.

The Facts:
-Potentially lucrative holiday rental
-Glimpses of ocean & estuary from living zone & balcony
-Private rear-lane access ensures a quiet lifestyle, close to the action but away from noise and traffic
-Light-filled living/dining opens through bifolding doors to spacious alfresco & sun deck
-A chef's kitchen with long glass splashback and vast stone benchtop is a real highlight
-Quality appliances and an abundance of premium cabinetry ensure this space will cater well to all
-Look out to the water from the master suite, with WIR, sleek ensuite and direct balcony access
-Generous 2nd bedroom close to bathroom with in-situ shower, wide stone topped vanity off the central hall
-European-style laundry
-Double glazed windows and doors, reverse cycle heating and cooling, SS-AC and fans
-Rear lane access to secure garaging + secure entry to apartment complex with keycode

The Owner Loves....
"We love how central this apartment is-- once we arrive and park the car, we dont have to use it again. We're so lucky to have the beach, great food and wonderful shops on our doorstep. It's such a nice, private position."

*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 enquiries 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 76 The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
  • 23 Dec 2020
    Listed for Sale $790,000-$870,000

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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 11,325 properties. Over the last 5 years, Houses in Ocean Grove have seen a 43.44% increase in median value, while Units have seen a 25.59% increase. As at 31 August 2024:

  • The median value for Houses in Ocean Grove is $1,000,112 while the median value for Units is $811,635.
  • Houses have a median rent of $560 while Units have a median rent of $500.
There are currently 157 properties listed for sale, and 22 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 396 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.