OFF MARKET

5 Ocean Lane
Patterson Lakes VIC 3197

Bedrooms: 4
Bathrooms: 3
Car spaces: 4
Land area: 555m2
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Property Details for 5 Ocean Lane, Patterson Lakes

5 Ocean Lane, Patterson Lakes is a 4 bedroom, 3 bathroom House with 4 parking spaces and was built in 2006. The property has a land size of 555m2. While the property is not currently for sale or for rent, it was last sold in October 2018.

Building Type
House
Year Built
2006
Land Size
555m2
Local Government
Kingston
Lot/Plan
442/PS508414

Last Listing description (December 2018)

Timeless Family Elegance On A Grand Scale
This timeless single-level home has been beautifully designed to immerse the growing family in generously proportioned comfort and style for many years to come.
Radiating a refined sense of sophistication, the residence offers a series of multiple living zones.

These include an elegant formal lounge and dining room resting beneath coffered ceilings and accompanying a casual living/meals area embracing a well-appointed kitchen capped off by a central island bench/breakfast bar.
A covered alfresco entertaining area adjoining the family features through bi-fold doors expands the living spaces outside.
The advantage of two ensuite bedrooms ensures that there is plenty of accommodation for extended family or visitors.
Two more bedrooms, a fifth bedroom or optional study (5th bedroom option) and a family bathroom with spa bath complete the picture.
The proximity to schools, transport, shopping centres, parkland, wetlands, biking and walking paths and the Freeway is another huge benefit.
Metres from Patterson Lakes and close to Patterson Lakes and Bonbeach Primary Schools, Patterson River Secondary College, St Joseph s School, Cornish College, John Paul College, Bonbeach Station, bus stops, Lakeview Shopping Centre, Waves Plaza, Wannarkladding Wetlands, Bonbeach Sports Reserve, National Water Sports Centre, Patterson River Country Club, Bicentennial, Park, the beach and Mornington Peninusula Freeway.
Family buyers will be impressed upon inspection.

Property History for 5 Ocean Lane, Patterson Lakes, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$820,000
23 Oct 2018
  • 23 Oct 2018
    Sold for $820,000
  • 22 Aug 2018
    Listed for Sale Negotiable: $820k to $860k
  • 10 Jan 2014
    Transferred
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About Patterson Lakes 3197

The size of Patterson Lakes is approximately 4.3 square kilometres. It has 17 parks covering nearly 11.5% of total area. The population of Patterson Lakes in 2011 was 7,582 people. By 2016 the population was 7,538 showing a population decline of 0.6% in the area during that time. The predominant age group in Patterson Lakes is 40-49 years. Households in Patterson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Patterson Lakes work in a professional occupation. In 2011, 78.3% of the homes in Patterson Lakes were owner-occupied compared with 79.4% in 2016.

Patterson Lakes has 4,032 properties. Over the last 5 years, Houses in Patterson Lakes have seen a 21.63% increase in median value, while Units have seen a 3.97% increase. As at 30 November 2024:

  • The median value for Houses in Patterson Lakes is $1,242,626 while the median value for Units is $644,993.
  • Houses have a median rent of $850 while Units have a median rent of $560.
There are currently 18 properties listed for sale, and 10 properties listed for rent in Patterson lakes on OnTheHouse. According to CoreLogic's data, 140 properties were sold in the past 12 months in Patterson lakes.

Suburb Insights for Patterson Lakes 3197

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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.