2/150 Asbury StreetOcean Grove VIC 3226
Property Details for 2/150 Asbury St, Ocean Grove
Last Listing description (July 2026)
Positioned in a tightly held pocket of Old Ocean Grove, this prized allotment presents an exceptional opportunity to secure a premium build site in one of the areas most sought-after locations.
Set opposite parkland, and just steps from the boutique Madeley Street shops which include an artisan bakery, the lifestyle on offer here is as convenient as it is appealing.
With approved plans and permits already in place for an architecturally designed four-bedroom residence, you can fast-track your dream home or take advantage of the flexibility to design and build your own. The possibilities here are endless, whether you're creating a permanent residence, coastal retreat, or investment.
Enjoy the best of Ocean Grove living, with pristine surf beaches, walking tracks, wineries and local amenities all within easy reach, while the town centre remains just minutes away.
* Flat 477 square metre (approx.), ready-to-build allotment
* Approved plans and permits for a 4-bedroom architecturally designed home
* Flexibility to design and build your own residence
* Premium position opposite parkland and tennis courts
* Moments to Madeley Street shops, cafs and artisan bakery
* Flat, ready-to-build allotment
* Highly sought-after Old Ocean Grove location
* Surrounded by quality homes and strong recent sales
Property History for 2/150 Asbury St, Ocean Grove, VIC 3226
- 31 Oct 2025Listed for Sale $500,000
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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 11,903 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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