2/145 The Terrace, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
 
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2/145 The Terrace
Ocean Grove VIC 3226

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 318m2
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Property Details for 2/145 The Terrace, Ocean Grove

2/145 The Terrace, Ocean Grove is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 318m2. While the property is not currently for sale or for rent, it was last sold in July 2021.

Building Type
House
Land Size
318m2
Local Government
Greater Geelong
Lot/Plan
2/PS349683

Last Listing description (July 2021)

Positioned to make the most of the northerly aspect and located within walking distance to the beach, shops and Ocean Grove restaurants, this two bedroom home on 317sqm has a calming feel that inspires relaxation and repose to the sound of crashing waves.

Overlooking the spacious garden, the bright, open plan layout has a sunny outlook all year round. The practical kitchen has abundant storage space and a large kitchen bench adds to the social feel of this property where meals could be taken inside or outside, making the most of the private, generously sized sun drenched lawn and partially covered verandah. Adjacent to the kitchen there's a large laundry with plenty of storage space.

The two bedrooms offer a feeling of seclusion where you can enjoy the private north facing garden. Each bedroom has BIRs offering ample storage space. Close by, the bathroom includes a bath, shower and large vanity and additional storage space.

Just a short walk from the beach and close to schools, shops and the popular nearby townships of Barwon Heads and Point Lonsdale, this residence is a truly private space. A side driveway leads to a carport and storage shed and STCA, an update could be made to extend the home and capture water views. An ideal property for first homeowners or portfolio addition for an astute investor, this home offers flexibility as a sophisticated seasonal rental or your own weekend escape.

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Property History for 2/145 The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
10 Jul 2021
  • 10 Jul 2021
    Sold
  • 30 Jun 2021
    Listed for Sale $760,000-$835,000
  • 18 May 2005
    Transferred
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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.
There are currently 134 properties listed for sale, and 10 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 507 properties were sold in the past 12 months in Ocean grove.

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© Copyright 2025. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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