4/25 Wallington Rd, Ocean Grove is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1960. The property has a land size of 108m2 and floor size of 111m2. While the property is not currently for sale or for rent, it was last sold in February 2019.
This is a fantastic chance to break into the strong and lucrative Ocean Grove coastal market on the Bellarine Peninsula. In a property climate of continuing low stock levels and high demand, the affordability of this property will undoubtedly spark wide appeal from this opportunity. On offer is a low maintenance renovated two-bedroom unit with open plan living. Shielded for optimal privacy the unit sits behind a high white picket fence at the rear of this well-maintained block of only four units. The living room French doors open up to the alfresco courtyard that offers an eastern aspect that captures the northern sun. The ground cover of the courtyard is neat brick paving and the no-fuss succulent garden bed adds a touch of green to the space. The kitchen has plenty of surface and storage space and the s/s Blanco oven + hob will please tastemakers. The bedrooms are generously proportioned and fitted with built-in robes. The bathroom is a clever use of space with the laundry tucked way European style into a cupboard. The unit is set on a fresh neutral palette accented with timber flooring. The location has a brilliant walk score with a 3-minute walk to the on-trend Garage cafe, 8-minutes to the town centre, and best of all only 10-minutes to the beach! This property is currently tenanted making it ideal as an investment and opens up the potential for a lock-up & leave holiday unit. With this address already established a short-term rental spot the future income strategy of short-term rental will be a turn-key conversion. Give this one your best consideration, but do not linger too long on a decision!
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 11,888 properties. Over the last 5 years, Houses in Ocean Grove have seen a 24.39% increase in median value, while Units have seen a 31.47% increase. As at 30 November 2025:
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