1/148 The Parade, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
OFF MARKET

1/148 The Parade
Ocean Grove VIC 3226

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
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Property Details for 1/148 The Parade, Ocean Grove

Building Type
Commercial
Year Built
1980
Local Government
Greater Geelong
Lot/Plan
1/RP17779

Last Listing description (January 2026)

NEW PRICE ... Close to the Beach with an Ocean Glimpse

Positioned in the ever-popular The Parade in Old Ocean Grove, this well-maintained brick residence presents an exceptional opportunity to secure a property in one of the town's most popular locations. Enjoy an easy stroll to the main shopping centre, Ocean Grove's stunning main beach, and surrounding open green spaces - a lifestyle that continues to attract both permanent residents and holidaymakers alike. Currently tenanted until August 2026, the property offers an ideal set-and-forget investment with the exciting option to plan ahead for your own summer escape or future permanent move.

There is also the added convenience of an option to purchase the home furnished, making any future transition seamless. Recently renovated internally, the hard work has already been done. Downstairs showcases timber veneer flooring, fresh white walls and north-facing glazing dressed with fashionable sheers and roller blinds. The light-filled living, dining and renovated kitchen zone is tastefully styled in relaxed coastal tones, creating a welcoming heart of the home. This level also includes a laundry and a second bathroom with shower, vanity and WC.

Upstairs, two generous bedrooms with built-in robes are serviced by a full central bathroom featuring shower, bath, vanity and a separate WC. The main bedroom enjoys the comfort of double glazing and opens to an east-facing Juliet balcony - the perfect place to enjoy your morning coffee, catch the sunrise and even glimpse the sea. Outside, a large east-facing paved courtyard is fenced and secure, with lowmaintenance planting providing an ideal setting to relax or entertain family and friends. A single garage plus additional off-street parking completes this appealing offering. Endlessly appealing and superbly positioned, this is an opportunity not to be missed. Enjoy all that Ocean Grove has to offer, right from your doorstep. Inspect today.

Property History for 1/148 The Parade, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$370,000
19 Jun 2015
  • 23 Jan 2026
    Listed for Sale $730,000-$750,000
  • 19 Dec 2019
    Listed for Rent $350 WEEKLY
  • 05 Jun 2018
    Listed for Rent - Price not available
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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 11,874 properties. Over the last 5 years, Houses in Ocean Grove have seen a -0.83% decrease in median value, while Units have seen a -0.32% decrease. As at 30 June 2026:

  • The median value for Houses in Ocean Grove is $1,034,776 while the median value for Units is $844,094.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 126 properties listed for sale, and 26 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 534 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.