14 Pearl StreetOcean Grove VIC 3226
Property Details for 14 Pearl St, Ocean Grove
14 Pearl St, Ocean Grove is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 613m2. While the property is not currently for sale or for rent, it was last sold in July 2024.
Last Listing description (August 2024)
Located in the heart of Ocean Grove, this authentic 1960s beach-shack offers a plethora of opportunities. Whether looking to create your own version amidst this natural establishment or exploring the potential to redevelop the site into a multi-townhouse complex (subject to council approval), the possibilities are expansive.
The property exudes nostalgic charm with 3 bedrooms, 1 bathroom, 2 living areas, functional kitchen, and timber veranda. Central heating and a split system ensure comfort throughout the year. Positioned on a generous 613m2 allotment with a 16.8-meter frontage and no easements , developers have ample opportunity to reconfigure the site among other subdivisions in the same street. Previously leased at $450 per week, it offers potential income while plans and permits are pursued.
Conveniently located within a short walk to the Blue Waters precinct and Ocean Grove Primary School, and just a two-minute drive to Ocean Grove's main hub, surf beach, and sporting grounds, this property combines tranquility, accessibility, and potential profit. Whether you envision a custom-designed home or a strategic development venture, this property embodies the allure and promise of coastal living.
Property History for 14 Pearl St, Ocean Grove, VIC 3226
- 27 Jul 2024Sold for $705,000
- 04 Jul 2024Listed for Sale Contact agent
- 27 May 2021Listed for Rent - Price not available
Recent sales nearby
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0About 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 11,886 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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