2/52 Powell Street W

Ocean Grove VIC 3226

They say it's all about location, location, location - and here, you truly have it. Positioned just a few hundred metres from the main street and only a short stroll to the main beach, this is a lifestyle address where you can lock up the car and relax, with cafs, shops and the coastline quite literally at your doorstep. Set on a manageable 348m allotment, the property presents exciting opportunities for both owner-occupiers and investors alike. The charming cottage retains its original faade, while the interior has been thoughtfully updated with respect for the integrity and character of its era.A generous entry welcomes you with high ceilings and original timber floorboards, immediately setting the tone. The main living area is filled with natural light thanks to north-facing glazing, and features classic sash windows and polished floorboards, creating a warm and inviting space to unwind. The open-plan kitchen connects seamlessly to the living and dining zone and showcases white cabinetry, timber benchtops and on-trend green splashback tiling, blending modern style with timeless appeal. Moving further through the home, a versatile multi-purpose room offers flexibility as a second living area, study, rumpus room or potential third bedroom, with direct access to the rear garden. Both bedrooms are generous in size, featuring updated carpet and lofty ceilings. The main bathroom and laundry have also been tastefully renovated, echoing the colour palette and finishes of the kitchen for a cohesive feel throughout. Outdoors, the rear garden is private and secure with established plantings, while the front garden is a blank canvas ready for your own creative touch. Currently tenanted until October 2026, this is a compelling opportunity to secure a blue-chip location with immediate income and future potential.