2/5 The Terrace, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
OFF MARKET

2/5 The Terrace
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 152m2
Land area: 326m2
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Property Details for 2/5 The Terrace, Ocean Grove

2/5 The Terrace, Ocean Grove is a 3 bedroom, 1 bathroom Townhouse with 1 parking spaces and was built in 1980. The property has a land size of 326m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in November 2024.

Building Type
Townhouse
Year Built
1980
Floor Size
152m2
Land Size
326m2
Local Government
Greater Geelong
Lot/Plan
2/PS313704

Last Listing description (December 2024)

The Feel:
Impeccable presentation, a generous layout, and a premium river-end position deliver the perfect environment for laidback, low-maintenance living in this inviting 3-bedroom residence. A versatile and surprisingly spacious floorplan reveals plenty of space to relax, retreat, and entertain with multiple living zones and an effortless flow outside to a covered entertainers patio. A large home office provides added flexibility, while sunny, easy-care surrounds enjoy a wonderful sense of privacy. With immediate appeal for downsizers, weekenders, and growing families, the home is enviably positioned within a short walk of the beach, river, and town centre.

The Facts:

-Immaculately kept 4-bedroom home, offering a move-in ready coastal opportunity
-Superb position in the heart of Ocean Grove, walking distance to all the towns key lifestyle assets
-Set back from the street, the residence enjoys a wonderful sense of privacy
-A versatile single-level layout reveals a choice of living zones to easily accommodate families
-Free-flowing kitchen & living zone opens to an alfresco patio & sunny, private lawn
-Adjoining lounge/dining area extends the options for relaxed living
-Super-functional kitchen with breakfast seating includes a dishwasher & plentiful storage space
-3 carpeted bedrooms, all with BIRs, are awash with glorious northern light
-The well-maintained family bathroom reveals a built-in bath & separate WC
-A generous home office provides versatility for a 4th bedroom or additional living space
-Undercover alfresco zone features eZIP track blinds, providing protection from the elements
-Easy-care 326sqm (approx.) allotment offers lock-and-leave flexibility, perfect for weekenders
-Ducted heating + reverse cycle a/c to both living areas ensures seasonal comfort
-Discover a myriad of lifestyle assets including the Barwon River & patrolled surf beach within a short stroll of your front door
-Play a round at the local golf course, wander across the road to the Ocean Grove Bowling Club & pick up your morning coffee from the nearby Garage Cafe
-Dont miss this chance to secure a prime low-maintenance investment in a thriving coastal location

The Owner Loves
Theres a true holiday vibe from the moment you arrive. Whether its the sound of crashing ocean waves, the salty sea air, or the homes laidback feel, theres a complete sense of relaxation as soon as you step inside.

*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 inquiries 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 2/5 The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$775,000
06 Nov 2024
  • 06 Nov 2024
    Sold for $775,000
  • 14 Mar 2024
    Listed for Sale $775,000-$850,000
  • 12 Mar 1993
    Sold for $115,000
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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 11,854 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 126 properties listed for sale, and 25 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 541 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.