5/108 The Terrace, Ocean Grove, VIC 3226 | Apartment for sale | OnTheHouse
 
FOR SALE
$800,000 - $880,000 | Offers Close Tues 16 Dec

5/108 The Terrace
Ocean Grove VIC 3226

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Coastal Living at Its Finest – Just 400m from the Beach

A Note from the Agent
"Opportunities in Ocean Grove don’t get any better than this. A modern, architecturally designed apartment in one of the towns most coveted addresses – The Terrace. Step outside and youré aprox 100m from the iconic OG foreshore, and only a short stroll to the main shopping strip. Given the location, design quality, views and lifestyle on offer, the value here is genuinely remarkable! A rare chance to secure premium OG living in a blue chip pocket at a level seldom seen” BG
Offering a premium coastal lifestyle, this modern apartment is perfectly located just moments from the beach.
Designed by the award-winning Jackson Clements Burrows Architects, the interiors feature high-end finishes and fixtures throughout. The chic colour palette creates a luxurious yet relaxed atmosphere, complemented by timber floorboards and wool carpet.
The open-plan living, dining, and kitchen area serves as the heart of the home, with statement glass sliding doors opening onto two balconies. The eastern balcony captures elevated views towards the ocean and Point Lonsdale lighthouse, while the main balcony is perfect for enjoying evening drinks with friends.
The fully integrated kitchen epitomizes contemporary elegance, featuring stone benchtops, ASKO cooking appliances, an ASKO integrated dishwasher, and a Fisher & Paykel integrated fridge/freezer.
Two bedrooms exude style with built-in rattan robes (main with ensuite), while the bathroom and European laundry complete the layout. Terrazzo floor-to-ceiling tiling makes a stylish statement in both bathrooms, which showcase large showers and stone benchtops.
Additional features include three split-system air conditioners, double-glazing, and a video intercom. The apartment complex offers lift access, and dedicated parking is provided for one vehicle.
This dream location also places you a short walk from the local shopping precinct. Enjoy a lazy brunch after your morning surf or spend the afternoon browsing the boutiques. Public transport is footsteps away, while Ocean Grove Primary School is within close reach for young families. Easy access to the boat ramp, Barwon River, and Ocean Grove Golf Club further enhances the appeal.
This blissful lifestyle is an ideal choice for professionals, downsizers, and holidaymakers alike.
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Property Details for 5/108 The Terrace, Ocean Grove

5/108 The Terrace, Ocean Grove is a 2 bedroom, 2 bathroom Apartment with 1 parking spaces. The place is currently for sale with RT Edgar Ocean Grove.

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Apartment
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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 2016 was 14165 people. By 2021 the population was 17714 showing a population growth of 25.0% in the area during that time. The predominant age group in Ocean Grove is 60-69 years. Households in Ocean Grove are primarily childless couples 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 2021, 78.50% of the homes in Ocean Grove were owner-occupied compared with 76.10% in 2016.

Ocean Grove has 11,887 properties. Over the last 5 years, Houses in Ocean Grove have seen a 27.53% increase in median value, while Units have seen a 36.17% increase. As at 31 October 2025:

  • The median value for Houses in Ocean Grove is $1,036,570 while the median value for Units is $808,002.
  • Houses have a median rent of $595 while Units have a median rent of $500.
There are currently 134 properties listed for sale, and 10 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 504 properties were sold in the past 12 months in Ocean grove.

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Brock Grainger
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Tom Brossard
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RT Edgar Ocean Grove
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