5/97 The Terrace Ocean Grove VIC 3226
Property Details for 5/97 The Terrace, Ocean Grove
5/97 The Terrace, Ocean Grove is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2018. The property has a land size of 812m2 and floor size of 82m2. While the property is not currently for sale or for rent, it was last sold in December 2024.
Last Listing description (January 2025)
They say it's all about location, location, location, and this lock-up-and-leave apartment in the heart of Old Ocean Grove epitomises that perfectly. Just meters from the main shopping precinct, you can enjoy one of the town's many cafes or restaurants. A few hundred meters away, and you're on one of Victoria's best beaches. Security is key, with secure underground parking and a convenient storage cage. You can access your apartment via elevator or stairs, giving you flexibility and ease.
Inside, the apartment impresses with an open-plan living area featuring polished floorboards and abundance of natural light streaming through a bank of windows from the balcony. The kitchen is designed with classic tones and is fully equipped, boasting stone benchtops, stainless steel appliances, and plenty of bench space.
Both bedrooms offer year-round comfort with split systems, wall-to-wall carpeting, and built-in robes. The bathroom completes the package with a bath, shower, vanity, and toilet, making it fully functional for day-to-day living.
End your day on the balcony, enjoying the sand still on your feet and catching glimpses of the ocean as you unwind. This property is an ideal investment, whether as a permanent residence, holiday home, or AirBnB. It ticks all the boxes for those looking for a low-maintenance yet stylish lifestyle by the sea. Inspect today and move right in!
Property History for 5/97 The Terrace, Ocean Grove, VIC 3226
- 27 Dec 2024Sold for $745,000
- 18 Sep 2024Listed for Sale $780,000 - $820,000
- 08 Nov 2019Listed for Rent - Price not available
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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 11,903 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.
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