50 Penleigh Crescent, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
OFF MARKET

50 Penleigh Crescent
Ocean Grove VIC 3226

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 168m2
Land area: 713m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 24 Aug 2026
Low

High
Save

Property Details for 50 Penleigh Cres, Ocean Grove

50 Penleigh Cres, Ocean Grove is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 713m2 and floor size of 168m2. While the property is not currently for sale or for rent, it was last sold in March 2022.

Building Type
House
Floor Size
168m2
Land Size
713m2
Local Government
Greater Geelong
Lot/Plan
491/PS618264

Last Listing description (March 2022)

Luxuriously appointed, this stylish and contemporary four-bedroom home is an exceptional coastal retreat. Pull back the expansive glass sliding doors to deliver enviable indoor/outdoor entertaining or kick the feet up in the home cinema with family or friends. On a quiet crescent, close to parkland, shops and the beaches of the Bellarine - this home's calming and generous spaces make every day feel like a holiday!

Beyond the low-maintenance front garden, a covered entry opens onto a formal entry hall. Off to the left, the master bedroom is a sublime retreat, with windows to three sides - all with blinds - providing plenty of natural light. The ensuite holds a large rain shower, with dark grey tiling adding to the deluxe feel, whilst an adjacent WIR is easily accessible. Across the hall, direct access to a double lock up garage provides all-weather convenience. The large open plan kitchen/living/dining space is incredibly versatile. The living zone's plush carpet provides a warm and cosy corner, whilst the dining area's large sliding doors bring the covered outdoor entertaining deck into play on those warm summer days. The kitchen is beautifully put together, with white stone benchtops, relaxed breakfast bar, premium appliances and a butler's pantry. With a bamboo-lined courtyard to one side and the deck to the other, airflow is a well considered feature of this home.

To the rear of the house, a second living area - currently optimised as a home cinema - provides another quiet corner to relax, whilst a laundry sits adjacent to a stylish family bathroom - with the same dark grey tilework accenting the bath and separate shower. Two generously sized bedrooms each have sliding door access to the rear garden as well as plush carpet, BIRs, vanities and ceiling fans. A central office space serves equally well as a fourth bedroom, with built in storage and a desk.

Out back, the rear garden is easily maintained and private - with boundary planting and a tool shed. Whether it's a coastal family retreat or an investment in a canny location, this beautifully designed home is sure to impress.

-Close to parkland, shops and the beach
-Four bedrooms and two living spaces
-Ducted heating and cooling
-Indoor/outdoor living with northerly aspect
-Covered deck area and low maintenance gardens
-Double lock up garage and tool shed

Property History for 50 Penleigh Cres, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$1,325,000
17 Mar 2022
  • 17 Mar 2022
    Sold for $1,325,000
  • 03 Mar 2022
    Listed for Sale $1,300,000 - $1,400,000
  • 03 May 2012
    Listed for Sale REDUCED TO $278,000
Sign in to see more transactions
Commute Calculator

About 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 11,904 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.
There are currently 130 properties listed for sale, and 19 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 533 properties were sold in the past 12 months in Ocean grove.

Suburb Insights for Ocean Grove 3226

Market Insights
Ocean Grove Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Ocean Grove Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.