50 Draper Street, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
FOR SALE

50 Draper Street
Ocean Grove VIC 3226

Bedrooms: 5
Bathrooms: 3
Car spaces: 2
Floor area: 200m2
Land area: 812m2
This property is currently on the market
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Property Details for 50 Draper St, Ocean Grove

50 Draper St, Ocean Grove is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 812m2 and floor size of 200m2.This Property is currently listed for sale with Bellarine Property - Barwon Heads

Building Type
House
Year Built
1970
Floor Size
200m2
Land Size
812m2
Local Government
Greater Geelong
Lot/Plan
285/LP1855

Last Listing description (February 2026)

The Feel:
Abounding with character, space and potential, this original home on an expansive site presents a rare opportunity to enjoy as-is, renovate or build a luxurious new seaside residence, in one of the Ocean Groves most coveted locales. Leave the keys at home this incredible location is a lazy stroll to park, shops, restaurants and the surf, ensuring all your lifestyle needs are within easy reach.

The Facts:

-This bright & spacious original home set across two light-filled levels is ripe with potential
-Desirable central Ocean Grove location is within a short walk of local parkland (150m), shopping & dining (400m), & world class beach (900m)
-Situated on an impressive 811sqm (approx.) allotment, the residence lends itself to renovation or redevelopment (STCA)
-Perfectly liveable as-is, you can move in & enjoy the existing 2-storey home while you explore your options
-Lower level offers light-filled meals, kitchen & dining space flanked by a wall of east-facing windows
-Two downstairs bedrooms include spacious master suite featuring a WIR & ensuite with double shower
-Privately located study for homework or working from home
-Upstairs youll find a 2nd living space, two further bedrooms with BIRs, plus 5th bedroom with versatility for home office set-up
-Large family bathroom with corner spa bath & classic glass brick shower services the upstairs (separate WC), with 2nd bathroom to the lower level
-Ducted heating, wood burning fire, reverse cycle split system unit & ceiling fans acclimates the home
-Extensive off-street parking includes SLUG, double car port & generous driveway parking
-Additional features: solid hardwood flooring, solar panels for energy efficiency, & home workshop with built-in bench space
-East-facing private yard with substantial gazebo & pizza oven offers year-round outdoor lifestyle appeal
-The beautifully landscaped gardens are characterised by feature a date palm, complemented by natural & productive plantings
-A rare opportunity to create your own coastal haven in the heart of town

The Owner Loves.
Its a really social house theres room for everyone, inside and out. We have had some great little parties outdoors with the pizza oven, and theres even plenty of parking space. Its also a wonderful space to simply relax and soak up the beautiful all-day sunshine, or the perfect base to head out and about to the shops, beach or market.

*All information offered by Bellarine Property is provided in good faith. It is derived from sources believed to be accurate and current as at the date of publication and as such Bellarine Property simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own inquiries with respect to the information that is passed on. Bellarine Property will not be liable for any loss resulting from any action or decision by you in reliance on the information.

Property History for 50 Draper St, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$1,450,000
25 Jan 2023
  • 23 Jan 2026
    Listed for Sale $1,295,000-$1,395,000
  • 25 Jan 2023
    Sold for $1,450,000
  • 15 Jul 2022
    Listed for Sale $1,495,000-$1,555,000
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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 11,875 properties. Over the last 5 years, Houses in Ocean Grove have seen a 17.26% increase in median value, while Units have seen a 27.10% increase. As at 31 January 2026:

  • The median value for Houses in Ocean Grove is $1,046,564 while the median value for Units is $842,810.
  • Houses have a median rent of $600 while Units have a median rent of $530.
There are currently 130 properties listed for sale, and 13 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 545 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

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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.