OFF MARKET

9/97 The Terrace
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 101m2
Land area: 702m2
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Property Details for 9/97 The Terrace, Ocean Grove

9/97 The Terrace, Ocean Grove is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2018. The property has a land size of 702m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in July 2021.

Building Type
Unit
Year Built
2018
Floor Size
101m2
Land Size
702m2
Local Government
Greater Geelong
Lot/Plan
9/PS745980

Last Listing description (July 2021)

The Feel:
With breathtaking ocean views spanning Point Nepean, The Barwon Heads Bluff and The Great Ocean Road, and an unrivalled location in the heart of Old Ocean Grove, this beautifully appointed 3 bedroom single-level penthouse is a rare find indeed. Added benefits include lift-access, intercom and secure parking- all of which comprise a genuine low-maintence coastal lifestyle.

The Facts:

-Lucrative holiday rental return of 60k (approx.) per annum
-Spectacular ocean views from every room
-Moments walk to the town centre, cafes, shops & beach
-Spacious kitchen, living & dining opens through sliders to balcony
-Quality Bosch appliances to kitchen including 900mm oven, electric cooktop, dishwasher & under-mount sink
-Stone benchtops & soft-close drawers complete kitchen
-Master bedroom with mirrored BIR & en suite
-2 additional queen-sized bedrooms, both with mirrored BIRs
-Both bathrooms feature stone topped floating vanities, semi-frameless shower screens & tiled shower bases
-Study nook
-Lift access
-Warm-toned bamboo flooring to main living zone & plush carpeting to bedrooms
-Double glazing, SS-AC, remote blinds to main living zone
-Secure basement car parking with remote access & storage facilities

The Owner Loves:
"The ocean views from every window are one of the things that makes this home so special- waking up to this view is such a pleasure. I have enjoyed living at the very heart of Ocean Grove- with the town centre on my doorstep and the beach so close by, my lifestyle here is pure relaxation."

*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.

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Property History for 9/97 The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$1,525,000
17 Jul 2021
  • 17 Jul 2021
    Sold for $1,525,000
  • 06 Feb 2021
    Listed for Sale Contact Agent
  • 08 Jun 2018
    Sold for $1,250,000
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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 17 properties listed for rent in Ocean grove on OnTheHouse. According to CoreLogic's data, 384 properties were sold in the past 12 months in Ocean grove.

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