5/103-105 The Terrace Ocean Grove VIC 3226
Property Details for 5/103-105 The Terrace, Ocean Grove
5/103-105 The Terrace, Ocean Grove is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 136m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in April 2012.
Last Listing description (August 2026)
Perfectly positioned at 5/103-105 The Terrace, Ocean Grove, this two-bedroom unit offers a rare, entry-level opening into the absolute heart of the coastal town. Set on a manageable 136m², the home is the definition of a "blank canvas"-neat, functional, and ready for you to move in now while you map out your own future improvements.
The exterior of the unit immediately catches the eye with classic retro-look awnings fitted on all windows, providing both character and practical shade that fits perfectly with the seaside vibe. An east-facing front door ensures you capture beautiful morning sun, while the main living area stays comfortable year-round thanks to a dedicated split system for heating and cooling. The kitchen is straightforward and practical, allowing you to finish the installation to your own taste; there is a plumbed corner space perfectly suited for a European-style laundry. While the home remains basic and honest, the bathroom has been tastefully updated with encaustic-look tiles, adding a subtle touch of style to the practical design.
Both bedrooms are surprisingly large, offering a sense of space often missing in modern units. Security is a breeze with a single carport at the front featuring an electric secure roller door. Crucially, the thoughtful design includes extra space at the rear of the carport, providing an ideal spot for a small workshop, secure storage for boards, bikes, or tools. This leads directly to the private west-facing courtyard, which becomes a sun-drenched sanctuary in the afternoons, perfect for lowmaintenance outdoor living.
The location is truly unbeatable. Leave the car behind and walk to the vibrant Terrace shopping strip, local parklands, and the pristine sands of Ocean Grove Beach. Whether you are looking for a first home, a savvy investment, or a highdemand short-term holiday rental, this property is a solid, no-nonsense choice in a premier coastal pocket.
Property History for 5/103-105 The Terrace, Ocean Grove, VIC 3226
- 09 Feb 2026Listed for Sale $650,000-$695,000
- 30 Apr 2012Sold for $325,000
- 15 Feb 2012Listed for Sale $329,000
Recent sales nearby
See more recent sales nearby/assets/perm/7fsnc656sqi6nmcmvopmtfasge?signature=d81bc84a1004268812ae2b6134157e75c0510aed791b74b6c477a1c08d616ab0){kind=logo}
0
/assets/perm/wv6wcsw3yii6nasqz6uffkldlm?signature=50787ff975f48a3958158c9ae5562a1b4bf086fea64e79e15ca9e187182ec61f){kind=logo}
0
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
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 11,902 properties. Over the last 5 years, Houses in Ocean Grove have seen a -2.42% decrease in median value, while Units have seen a 3.98% increase. As at 31 July 2026:
- The median value for Houses in Ocean Grove is $1,026,772 while the median value for Units is $851,059.
- Houses have a median rent of $650 while Units have a median rent of $560.
Suburb Insights for Ocean Grove 3226
Market Insights
Ocean Grove Trends for Houses
N/A
N/A
View TrendN/A
N/A
Ocean Grove Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
