40 Lake AvenueOcean Grove VIC 3226
Property Details for 40 Lake Ave, Ocean Grove
40 Lake Ave, Ocean Grove is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 604m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in Ocean Grove in the last 12 months.
Last Listing description (March 2026)
Here's your chance to secure a solid, well-established home in the highly coveted Old Ocean Grove precinct. Set on a generous 604m² block, this classic brick veneer residence offers endless opportunity-renovate to your style, re-develop, or simply move in and enjoy the lifestyle.
From the moment you arrive, you're welcomed by a timber-decked veranda overlooking the lush front yard and exclusive Blue Waters Lake Park. Inside, the formal living zone exudes warmth with an open fireplace and timeless north facing bay windows, flowing to a casual lounge with electric heating, cooling and ceiling fan.
The updated kitchen is both stylish and practical, featuring a brand-new electric oven and stovetop, near-new dishwasher, and a casual meals area framed by charming bay windows and traditional terracotta tiles.
Accommodation includes three generous bedrooms with brand-new carpet and built-in robes, serviced by a neat main bathroom and separate toilet.
Outdoors, the spacious undercover alfresco is perfect for summer BBQs and entertaining, while the rear yard-with garden shed-offers scope to expand the home, add a pool (STCA), or simply enjoy as is. A double lock-up garage with single drive-through access, plus ample space for a boat or caravan, adds to the appeal.
Lifestyle is at your doorstep: stroll to Blue Waters Lake, local parklands, and playgrounds; wander to the Barwon River past the beloved Groove Café and Ocean Grove Golf Club; or enjoy zoning to the sought-after Ocean Grove Primary School. Shops, schools, and the beach precinct are all within easy reach.
Opportunities in Old Ocean Grove at this price are rare-this is your chance to secure a timeless home in a tightly held location.
Property History for 40 Lake Ave, Ocean Grove, VIC 3226
- 01 Mar 2026Sold for $865,000
- 19 Sep 2025Listed for Sale $840,000 - $910,000
- 23 Jan 2009Listed for Rent - Price not available
Recent sales nearby
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0About 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 11,872 properties. Over the last 5 years, Houses in Ocean Grove have seen a -0.83% decrease in median value, while Units have seen a -0.32% decrease. As at 30 June 2026:
- The median value for Houses in Ocean Grove is $1,034,776 while the median value for Units is $844,094.
- Houses have a median rent of $650 while Units have a median rent of $550.
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