8 Madeley StreetOcean Grove VIC 3226
Property Details for 8 Madeley St, Ocean Grove
8 Madeley St, Ocean Grove is a 3 bedroom, 2 bathroom House with 4 parking spaces and was built in 1970. The property has a land size of 899m2 and floor size of 180m2. While the property is not currently for sale or for rent, it was last sold in March 2021.
Last Listing description (April 2021)
Its not often that a property such as this one comes on the market in this tightly held, tree lined pocket of Ocean Grove. With land size just shy of 900sqm, opportunities are endless for buyers keen to enjoy the coastal pace of life on the Bellarine.
Located within walking distance to shops and Ocean Grove Primary and with recreation and relaxation on your doorstep - Blue Waters Lake, parklands and the Ocean Grove nature reserve a short walk away - this propertys location is stellar; everything is at your fingertips.
The gently sloping block lends itself to being the site of a stunning, architecturally designed home with plenty of room for family and friends, the upper floors capturing views across Mt Duneed and stunning sunsets, with lower floors ideal for family living. Astute investors will see potential to realise multi dwelling potential (STCA) or renovate the existing dwelling.
This rare development opportunity wont last long, inspect today and start the journey to establishing your life on the Bellarine.
Property History for 8 Madeley St, Ocean Grove, VIC 3226
- 27 Mar 2021Sold for $870,000
- 05 Mar 2021Listed for Sale $850,000-$920,000
- 14 Feb 2019Sold for $685,000
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0About 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.
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