1 Butters LaneOcean Grove VIC 3226
Property Details for 1 Butters Lane, Ocean Grove
1 Butters Lane, Ocean Grove is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 578m2 and floor size of 176m2. While the property is not currently for sale or for rent, it was last sold in January 2025.
Last Listing description (January 2025)
Price change !!! Move in ready and an exciting opportunity to update/renovate and watch your capital grow. Nestled within the heart of old Ocean Grove, this property epitomises boundless potential. Centrally located in the old town, it presents an array of possibilities for discerning buyers. For investors, the allure lies in the prospect of extending the lease, nurturing a stable rental income, and fortifying their property portfolio. Alternatively, vacant possession opens the door to a myriad of possibilities. Whether you envision making it into your own haven, embarking on a renovation journey, or exploring the potential for subdivision (STCA), the canvas is yours to paint.Positioned strategically on a corner allotment, the residence basks in a northern orientation, inviting warmth and light throughout. Inside, the seamless flow of the open-plan lounge and dining area sets the stage for cherished family gatherings. With effortless access to an undercover outdoor entertaining area and the expansive backyard, every occasion is infused with ease and comfort. The generously proportioned kitchen, nestled within the heart of the living space, ensures the chef of the family remains connected. Down the hall, three bedrooms with built-in robes and timber venetians offer tranquillity and privacy. The main suite, boasting a spacious ensuite, serves as a serene retreat.Outside, the property continues to impress, with convenient access via Butters Lane for storage of recreational vehicles behind secure gates. A sprawling decking area on the east side beckons for alfresco gatherings, basking in the gentle embrace of the northeast sun.Completing this package is a double garage, the convenience of being zoned for Ocean Grove Primary School, proximity to the main shopping precinct, and the tantalizing allure of the nearby beach, a mere kilometre away. Truly, this residence embodies the epitome of coastal living at its finest. Contact us today to arrange a private inspection and unlock the endless possibilities that await.
Property History for 1 Butters Lane, Ocean Grove, VIC 3226
- 02 Jan 2025Sold for $868,000
- 17 Apr 2024Listed for Sale $880,000-$920,000
- 26 Nov 2021Sold for $1,040,000
Recent sales nearby
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0About 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 11,908 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.
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