2/40 Pembroke Road, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
OFF MARKET

2/40 Pembroke Road
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 29 Jun 2026
Low

High
Save

Property Details for 2/40 Pembroke Rd, Ocean Grove

2/40 Pembroke Rd, Ocean Grove is a 3 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. While the property is not currently for sale or for rent, it was last sold in August 2021.

Building Type
Unit
Year Built
1980
Local Government
Greater Geelong
Lot/Plan
2/PS402456

Last Listing description (August 2021)

Short Distance To The Beach!

Under Contract - 4 Qualified Bidders

The Feel:
Enjoying a relaxed coastal vibe just moments from immaculate beaches, cafes, parklands and a plethora of practical assets, this three bedroom unit is a wonderful option for those looking for a neat downsize, rental investment or fantastic holiday property to escape the daily grind. A compact footprint offers fantastic respite across a single level, with adaptable outdoor spaces increasing the sense of space through seasonal enjoyment.

The Facts:
-Dual living areas offer flexibility for lounging and meals
-Functional kitchen space overlooking the lovely backyard
-Ample room for storage and upright gas cooktop/oven
-Built in shelves/joinery increase storage capabilities
-3 BRs positioned for easy access to the living zones
-Well fitted bathroom, separate w.c and laundry area
-Oversized Single Garage, carport and additional off street parking options
-With Storage unit ideal for keeping boogie boards and beach equipment in
-Undercover areas offer flexibility for outdoor entertaining
-R/C air conditioning offers comfort
-Positioned to enjoy close by beaches on foot within minutes
-Shopping, public transport and practical facilities nearby
-Low maintenance exterior cement relaxation!

The Owner Loves....
“The location of our unit has been fantastic for holidays by the beach. It’s so close to some of the quietest beaches in the area, while being nearby to the shopping centre and cafes for convenience. So many happy memories have been made here. ”

*All information offered by Bellarine Property is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Bellarine Property simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Bellarine Property will not be liable for any loss resulting from any action or decision by you in reliance on the information.

Property History for 2/40 Pembroke Rd, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$735,500
06 Aug 2021
  • 25 Aug 2021
    Sold for $735,500
  • 09 Jul 2021
    Listed for Sale Under Contract via Openn Negotiation
  • 26 May 2010
    Listed for Rent - Price not available
Sign in to see more transactions
Commute Calculator

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 11,854 properties. Over the last 5 years, Houses in Ocean Grove have seen a 4.87% increase in median value, while Units have seen a 7.47% increase. As at 31 May 2026:

  • The median value for Houses in Ocean Grove is $1,069,181 while the median value for Units is $858,368.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 124 properties listed for sale, and 26 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 542 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

Market Insights
Ocean Grove Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Ocean Grove Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.