59 The Terrace, Ocean Grove, VIC 3226 | Property Value & History | OnTheHouse
OFF MARKET

59 The Terrace
Ocean Grove VIC 3226

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 289m2
Land area: 709m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 8 Dec 2025
Low

High
Save

Property Details for 59 The Terrace, Ocean Grove

59 The Terrace, Ocean Grove is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 2018. The property has a land size of 709m2 and floor size of 289m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
House
Year Built
2018
Floor Size
289m2
Land Size
709m2
Local Government
Greater Geelong
Lot/Plan
11/LP87627

Last Listing description (January 2022)

The Feel:
From the moment you set foot here, you become aware of a feeling of connection: Connection through expansive glazing to the iconic Barwon Heads Bluff and sweep of the Barwon River; immediate connection to the privileges offered by location, with The Terrace shopping village within steps and the beach and river close by; and connection between the indoors and outdoors brought alive by the clever design which provides sunlit entertaining zones, breezeways and a sense that everyone has their own space, without the home losing its intimacy. Magnificently constructed by VDB Homes and designed by its owners, 59 The Terrace is a true work of art.

The Facts:

-3 year-old home featured in ‘Adore’ Magazine
-Dramatic exteriors pair white venetian render and crisp white brick with charred black cladding
-Interiors draw on a soft, modern coastal palette with feature V-groove panelling, soft greys and natural tones found in carpet, cabinetry, and the European oak timber floorboards
-Vast elevated ocean, bluff and river views create the backdrop to the living/dining/kitchen hub
-Living & kitchen links through glass to both water views and sundrenched sunken courtyard
-Oversized skylights draw light into this hub
-Living room complete with Oblica fireplace
-Kitchen designed for ease of use and effortless entertaining
-Features include FP apps comprising, 900mm induction cooktop, twin 600mm self-cleaning double ovens, integrated fridge, 3x single drawer dishwashers, butlers p’try, Ziptap Hydro tap hot/cold & sparkling.
-Pristine & durable Neolith Stone splashback and benchtop
-Sunken courtyard with motorised awning and built-in outdoor kitchen, complete with BBQ and bar-fridge
-Master zone unfolds through a stylish and pared-back en suite with double vanities and rain shower to a fully-fitted dressing room
-Beds 2 & 3 offer spacious layouts and BIRs
-North-facing lounge provides a peaceful seating space, with views out to the easy-care arid-style garden
-Custom cabinetry to light-filled study zone
-Sunny garden with outdoor fireplace, custom cubby & lawn
-Downstairs, 4th bed complete with BIR & en suite, is privately situated for guests.
-Energy efficient features include doubled glazed thermal glass throughout
-Daikin Ducted heating & cooling system maintains comfort throughout
-Security system & keypad entry
-Oversized double garage with additional parking in the driveway for 4 cars

The Owner Loves….
“The location is second-to-none and we have enjoyed the benefits of having the shopping village literally steps from our home. We also love the links to the outdoors- through the view, the landscaping and through the breezeways. It’s been a perfect coastal family home for us.”

*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 enquiries 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 59 The Terrace, Ocean Grove, VIC 3226

A timeline of how this property has performed in the market
Last Sold
$3,800,000
24 Jan 2022
  • 24 Jan 2022
    Sold for $3,800,000
  • 29 Oct 2021
    Listed for Sale $3,450,000-$3,795,000
  • 15 Apr 2017
    Sold for $1,060,000
Sign in to see more transactions
Commute Calculator

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 11,888 properties. Over the last 5 years, Houses in Ocean Grove have seen a 24.39% increase in median value, while Units have seen a 31.47% increase. As at 30 November 2025:

  • The median value for Houses in Ocean Grove is $1,031,997 while the median value for Units is $816,100.
  • Houses have a median rent of $598 while Units have a median rent of $510.
There are currently 133 properties listed for sale, and 10 properties listed for rent in Ocean grove on OnTheHouse. According to Cotality's data, 513 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.