113 The Terrace Ocean Grove VIC 3226
Property Details for 113 The Terrace, Ocean Grove
113 The Terrace, Ocean Grove is a 5 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 815m2 and floor size of 160m2. While the property is not currently for sale or for rent, it was last sold in May 2023.
Last Listing description (October 2024)
Capturing panoramic ocean views from its prized vantage point, this two-story family home offers a versatile canvas for families, renovators, or developers. Its prime location, just 350 meters from both the town centre and the beach, presents endless possibilities to capitalize on its sweeping views and sunny orientation. This large family home brimming with light and character presents an incredible offering of rare size and scope. Impressively presented for immediate enjoyment, the 5-bedroom plus study home, with multiple separate living spaces, sits on 815sqm (approx.) allotment with desirable north-to-the-rear orientation.
Inside, high ceilings, expansive glazing, and hardwood flooring adorn the spacious and characteristic interior. A free-flowing floorplan seamlessly connects multiple living and entertaining areas, including a main living hub and rumpus room that open onto a north facing alfresco deck.
With five bedrooms, including one with a private balcony, and two fully renovated bathrooms showcasing sophistication and space, comfort is paramount. Outside, a private, north-facing rear yard with lush lawn space offers a serene retreat, complemented by ample off-street parking and a detached DLUG securely gated in-line driveway.
Upstairs, a lounge with a private balcony provides a perfect vantage point for admiring the sparkling ocean panorama, while the elevated master bedroom boasts full-wall windows and balcony access. Plans and permits for two townhouses are available upon request.
Property History for 113 The Terrace, Ocean Grove, VIC 3226
- 19 Apr 2024Listed for Sale 2,650,000 - 2,850,000
- 12 Mar 2024Listed for Rent $800 / week
- 05 May 2023Sold for $2,575,000
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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 24.39% increase in median value, while Units have seen a 31.47% increase. As at 30 November 2025:
- The median value for Houses in Ocean Grove is $1,031,997 while the median value for Units is $816,100.
- Houses have a median rent of $598 while Units have a median rent of $510.
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