54 Powell Street, Ocean Grove, VIC 3226 | House for sale | OnTheHouse
 
FOR SALE
$1,175,000 - $1,250,000

54 Powell St E
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 849m2
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Renovated Coastal Classic with Future Potential

Defined:
In the pulse of Ocean Grove, this renovated beach house on 850sqm (approx.) delivers an address charged with lifestyle, scale and possibility. From the front yard, the village becomes part of the atmosphere. Coffee beans in the morning air, restaurants close enough for spontaneous dinners, parklands an easy flat stroll away and patrolled beaches ready for endless summer days. Inside, fresh coastal interiors bring light, comfort and relaxed appeal, making the home immediately enjoyable as a weekender, holiday base, permanent residence or Airbnb while future plans take shape. Zoned Residential Growth Zone 3, the property also carries genuine development weight, with scope for subdivision, townhouse or apartment development, a new coastal residence or strategic land bank position in one of Ocean Grove’s most walkable settings (STCA). Live it, lease it, holiday in it or think bigger. This is 850sqm of opportunity with town assets at your door and the future wide open.
Considered:
Kitchen – Freshly renovated kitchen filled with natural light, 600mm stainless steel oven with electric cooktop, Omega dishwasher, feature Acrylic splashback, ample bench space, built-in pantry cupboards, hybrid flooring and task lighting
Living – Sunny and bright with an expanse of original aluminum windows drawing in beautiful natural light. Desirable north orientation, hybrid flooring, feature lighting, reverse cycle heating & cooling, electric wall heater, external sun blind and beautiful garden outlooks
Dining – Oversized dining area offering plenty of space for gatherings with family and friends. Hybrid flooring, feature pendant light, warmed by an abundance of natural light and pleasing outdoor vistas
Three Bedrooms – Light-filled and beautifully scaled, all with built-in robes, engineered timber floors and ceiling fans
Bathroom – Spacious bathroom with separate vanity area, outstanding storage capacity, engineered timber floor, wall heater and adjacent shower/w.c room
Outdoors – 850sqm of pure potential! Desirable northern aspect with 20 metre frontage, exceptional scope for future redevelopment (STCA). Residential Growth Zone 3 (RGZ3). Carport, large single garage and garden shed. Ample off street parking. Ramped access to the front and rear. Established trees and gardens inducing privacy.
Close by facilities – The Terrace, Ocean Grove main beach, Ocean Grove Primary School, bowling club, golf club, Blue Waters Lake Reserve, Ocean Grove Park & boat ramp
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Property Details for 54 Powell St E, Ocean Grove

54 Powell St E, Ocean Grove is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 849m2. The place is currently for sale with Oslo Property.

Building Type
House
Land Size
849m2
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About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. There are 22 parks, covering nearly 16.5% of the 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 11,903 properties. Over the last 5 years, Houses in Ocean Grove have seen a -2.42% decrease in median value, while Units have seen a 3.98% increase. As at 31 July 2026:

  • The median value for Houses in Ocean Grove is $1,026,772 while the median value for Units is $851,059.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 126 properties listed for sale, and 26 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 548 properties were sold in the past 12 months in Ocean grove.

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Nick Ford
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Archie Nankivell
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Oslo Property
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