SOLD
Sold on 26 Jan 2024 for $850,000

87 Madeley Street
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 416m2
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Property Details for 87 Madeley St, Ocean Grove

87 Madeley St, Ocean Grove is a 3 bedroom, 1 bathroom Unit with 1 parking spaces. The property has a land size of 416m2. While the property is not currently for sale or for rent, it was last sold in January 2024. There are other 3 bedroom Unit sold in Ocean Grove in the last 12 months.

Building Type
Unit
Land Size
416m2
Local Government
Greater Geelong
Lot/Plan
1/PS417247

Last Listing description (March 2024)

An abundance of sunlight streams into the heart of this three bedroom home thanks to an enviable north facing aspect that sees a thriving, landscaped garden link seamlessly to a covered entertaining deck. Utilising an open plan design, the living zone offers views to the greenery and the kitchen and dining are easy use spaces that offer generous low maintenance living. The Westinghouse oven and gas cook top are accompanied by practical and plentiful cabinetry, including deep drawers for convenient storage within easy reach. Display shelves are set within cupboards and a glass splashback adds finesse to the layout. Within this open space, a split system is paired with a ceiling fan and Rinnai gas heater for easy temperature control and a bank of solar panels on the roof are a cost effective power solution for the household.

Tiled throughout, the open plan flows to the hallway where three carpeted bedrooms include built-in robes. At the front of the home, the master bedroom has been fitted with dual built in robes and a Jack and Jill bathroom with generous shower and separate toilet. A garden shed with a water tank and a SLUG with internal entry provide additional storage along with a hallway cupboard. Gentle views of the Ocean Grove tennis courts and surrounding parkland offer a peaceful setting and nearby, coastal views showcase the incredible beaches of Ocean Grove. Within easy walking distance, the Madeley St shops offer convenience and within another 10 minutes walk, the shops, restaurants and cafe's of the Terrace shopping strip await.

An ideal option for buyers seeking to downsize or first time buyers looking for an easy use home, this solid brick residence in the heart of Ocean Grove is an opportunity that won't last long! Inspect immediately.

Property History for 87 Madeley St, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$850,000
26 Jan 2024
  • 26 Jan 2024
    Sold for $850,000
  • 15 Nov 2023
    Listed for Sale $860,000 - $895,000
  • 22 Aug 2007
    Sold for $353,000
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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 11,297 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 173 properties listed for sale, and 17 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 387 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

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Hayden Real Estate - Ocean Grove
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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.