2/53 The Terrace, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
OFF MARKET

2/53 The Terrace
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 3m2
Land area: 323m2
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Last updated 31 Aug 2026
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Property Details for 2/53 The Terrace, Ocean Grove

2/53 The Terrace, Ocean Grove is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces. The property has a land size of 323m2 and floor size of 3m2. While the property is not currently for sale or for rent, it was last sold in May 2025.

Building Type
Townhouse
Floor Size
3m2
Land Size
323m2
Local Government
Greater Geelong
Lot/Plan
2/PS611491

Last Listing description (July 2025)

Spectacular location, spectacular views-what more could you ask for? Nestled on The Terrace, this property is just steps away from the main shopping strip and only a few blocks to the main beach. From your balconies or lounge rooms, you can check the beach or river conditions before grabbing your towel and heading down. The coastal vibes extend throughout the home, being freshly painted throughout with floorboards and concrete flooring, extensive glazing, and muted tones that create a serene atmosphere.

The first level features a functional space with a spacious lounge room offering the first taste of the stunning views. Whether you're relaxing in the lounge or stepping out onto the balcony, you can enjoy the fresh breeze through modern louvre windows. A sheltered undercover alfresco area leads to a low-maintenance outdoor space. There's also a study or potential bedroom, plus easy access to a wet bar with storage and a vanity. Two additional spacious bedrooms and the main bathroom with modern fixtures complete the downstairs area.

Upstairs is where the magic truly happens. Relax in the lounge, checking the beach conditions while enjoying access to another balcony with even better views, stretching over to the Barwon River-an ideal spot to watch the sunset with friends. The lounge also features a gas log fire for the cooler months, complemented by large windows to take in the surroundings. The open-plan dining and kitchen area also offer views and access to another east-facing alfresco space. The kitchen is functional with ample storage and modern hues. Completing the upper level is a powder room and a spacious main bedroom suite with a full ensuite and walk-in robe.

A single remote garage adds convenience. If you're seeking a property with an outstanding view in one of the town's best locations, an inspection is a must!

Property History for 2/53 The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$1,825,000
09 May 2025
Listed for Rent
12 Jul 2018
  • 09 May 2025
    Sold for $1,825,000
  • 03 Apr 2025
    Listed for Sale $1,895,000
  • 14 Jun 2018
    Listed for Rent - Price not available
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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 11,917 properties. Over the last 5 years, Houses in Ocean Grove have seen a -5.11% decrease in median value, while Units have seen a -1.99% decrease. As at 31 August 2026:

  • The median value for Houses in Ocean Grove is $1,023,187 while the median value for Units is $800,447.
  • Houses have a median rent of $650 while Units have a median rent of $560.
There are currently 126 properties listed for sale, and 15 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 521 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.