127 The Terrace, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
OFF MARKET

127 The Terrace
Ocean Grove VIC 3226

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Land area: 815m2
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Property Details for 127 The Terrace, Ocean Grove

127 The Terrace, Ocean Grove is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 815m2. While the property is not currently for sale or for rent, it was last sold in May 2025.

Building Type
House
Land Size
815m2
Local Government
Greater Geelong
Lot/Plan
153/LP1854

Last Listing description (June 2025)

UNDER CONTRACT | For similar properties about to hit the market, please call Brock Grainger 0427 855 157

Some homes just feel right. Maybe its the way the morning sun streams through the upstairs windows, or the way the blue expanse of ocean glistens beyond them, stretching from the Barwon Heads Bluff all the way to Point Nepean, but this one does. On a clear day, youll even see Cape Schanck. Set high on a generous 815 sqm (approx.) block in Old Ocean Grove, this four-bedroom, three-bathroom family home offers incredible views and a layout designed to soak them all in.


With the main family zones located upstairs, two balconies (north and south facing) open off two separate and beautifully light-filled living areas. The spacious kitchen has corner windows that frame the water like a painting, and a walk-in pantry, Caesarstone benches, and dual ovens make it as functional as it is beautiful. Downstairs, a sunroom opens to the fern-lined patio and pergola, and two generous bedrooms and the book-lined study offer extra flexibility for growing families.

All bedrooms are generously sized, and the upstairs master suite enjoys ocean views, built-in storage, and a private ensuite. Out the back, discover a leafy retreat with a paved alfresco, established garden, veggie beds, and a chicken coop, all ready for you to embrace the good life. Extras include ducted heating, reverse-cycle cooling, and a 5.5kW solar array, adding year-round comfort and efficiency.

The block itself has a wide 20m frontage, with a double lock up garage, a secure carport perfect for boats and caravans and off street parking for up to three cars. A separate workshop offers even more flexibility. With subdivision potential (STCA) evidenced by the property next door, there's room to dream big here, too.

Located just two blocks from the shops and moments to the beach, this is the kind of home families hold onto for generations. Comfortable, welcoming, and incredibly liveable make it yours, and let life unfold from here.

Property History for 127 The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$2,000,000
23 May 2025
  • 23 May 2025
    Sold for $2,000,000
  • 16 Apr 2025
    Listed for Sale $2,000,000-$2,200,000
  • 11 Apr 2015
    Listed for Sale FOR SALE $1,300,000
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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 11,904 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 130 properties listed for sale, and 19 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 532 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.