2/55 Draper Street, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
OFF MARKET

2/55 Draper Street
Ocean Grove VIC 3226

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 152m2
Land area: 431m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 18 May 2026
Low

High
Save

Property Details for 2/55 Draper St, Ocean Grove

2/55 Draper St, Ocean Grove is a 3 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 431m2 and floor size of 152m2. While the property is not currently for sale or for rent, it was last sold in April 2021.

Building Type
Unit
Year Built
2000
Floor Size
152m2
Land Size
431m2
Local Government
Greater Geelong
Lot/Plan
2/PS432672

Last Listing description (May 2021)

Custom built, with easy living in mind, this sandstone town residence, in tightly held Old Ocean Grove, is wonderfully positioned and offers an airy sense of space and a house-like design. A rare opportunity for downsizers, investors or first home buyers, the easy layout impresses with three generous bedrooms, open plan living, garden views and sunny north facing aspect.
An immaculate front garden introduces this property with a bright welcoming entry. Off the hallway, the master bedroom leads to a WIR and bathroom with a bath, shower and toilet. Across the hall, there is a large laundry with the convenience of a second toilet. The double bedrooms each have plentiful storage with BIRs and those working from home could create an enviable home office here. Pitched ceilings in the open plan kitchen and living area add to the lovely sense of space where a carpeted lounge area overlooks the garden and flows back to the large kitchen fully equipped with double oven, as new Asko dishwasher and electric cook top. Here, timber lined cabinetry, a large pantry and deep drawers offer exceptional storage and the kitchen island perfect for casual dining or food preparation.
Accessed via sliding doors, the private, north facing garden at rear of the property is a sheltered sun trap with lawn, space for al Fresco dining and a watering system servicing the established garden. It's the perfect spot for taking in the afternoon sun. In addition to this space, a second courtyard off the hallway lets yet more light into the open plan zone.

A double lock up garage at the front of the property offers secure entry to the home and at the rear, a second door to the side and back garden. The well laid out workshop in this space leaves ample room for vehicles and storage and separate roller doors allow for flexible use. Having a generous entry, a small caravan, camper, boat or trailer may be easily accommodated in this space. Positioned just a few streets back from the vibrant Ocean Grove shops, amenities such as supermarkets, cafes, restaurants and parks are within easy walking distance. With features including security sliding doors, A/C, ducted heating and ceiling fans, this well-kept home is simply ready for you to enjoy relaxing, low maintenance living.
- Three bedrooms, open plan living in a house like design
- Large kitchen with masses of storage and kitchen island.
- Private, north facing garden with watering system
- Large double lock up garage with room for workshop, cars and storage
- Generous laundry with outdoor access
- Easy walk to the vibrant Ocean Grove town centre
- Ducted heating and ceiling fans throughout
- Split system in lounge/dining

Property History for 2/55 Draper St, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$850,000
21 Apr 2021
  • 21 Apr 2021
    Sold for $850,000
  • 15 Apr 2021
    Listed for Sale $795,000 - $850,000
Commute Calculator

About Ocean Grove 3226

The size of Ocean Grove is approximately 18.5 square kilometres. It has 22 parks covering nearly 16.5% of 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 11,855 properties. Over the last 5 years, Houses in Ocean Grove have seen a 7.74% increase in median value, while Units have seen a 6.30% increase. As at 30 April 2026:

  • The median value for Houses in Ocean Grove is $1,070,695 while the median value for Units is $802,867.
  • Houses have a median rent of $645 while Units have a median rent of $535.
There are currently 136 properties listed for sale, and 25 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 543 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.