1/5 Ocean Reef Drive, Patterson Lakes, VIC 3197 | Property Value & History | OnTheHouse
 
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1/5 Ocean Reef Drive
Patterson Lakes VIC 3197

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 122m2
Land area: 402m2
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Last updated 15 Dec 2025
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Property Details for 1/5 Ocean Reef Dr, Patterson Lakes

1/5 Ocean Reef Dr, Patterson Lakes is a 3 bedroom, 2 bathroom Unit with 2 parking spaces and was built in 2000. The property has a land size of 402m2 and floor size of 122m2. While the property is not currently for sale or for rent, it was last sold in October 2021.

Building Type
Unit
Year Built
2000
Floor Size
122m2
Land Size
402m2
Local Government
Kingston
Lot/Plan
1/SP36404

Last Listing description (February 2022)

Situated in highly sought after Patterson Lakes this beautifully presented modern and immaculately maintained home includes a master bedroom fully equipped with walk in robe and ensuite accompanied by a further two bedrooms with BIR and stylish main bathroom. Generous sized open plan living, dining and kitchen area allowing access to low maintenance rear yard. Separate laundry with external entry plus ducted heating and evaporative cooling throughout. Also includes, double lock up garage with additional off street parking all within walking distance to public transport, schools, nearby parks & Seaford wetlands and easy access to Eastlink and Peninsula Link freeways with major supermarkets and shopping centre nearby. Inspect as advertised or contact rentaldepartment@mtre.com.au.

Property History for 1/5 Ocean Reef Dr, Patterson Lakes, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$880,375
07 Oct 2021
Listed for Rent
$550/w
17 Feb 2022
  • 02 Feb 2022
    Listed for Rent - Price not available
  • 07 Oct 2021
    Sold for $880,375
  • 22 Oct 2019
    Sold for $677,000
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About Patterson Lakes 3197

The size of Patterson Lakes is approximately 4.3 square kilometres. It has 17 parks covering nearly 11.5% of total area. The population of Patterson Lakes in 2016 was 7564 people. By 2021 the population was 7793 showing a population growth of 3.0% in the area during that time. The predominant age group in Patterson Lakes is 50-59 years. Households in Patterson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Patterson Lakes work in a professional occupation.In 2021, 79.50% of the homes in Patterson Lakes were owner-occupied compared with 79.40% in 2016.

Patterson Lakes has 4,030 properties. Over the last 5 years, Houses in Patterson Lakes have seen a 37.40% increase in median value, while Units have seen a 25.67% increase. As at 30 November 2025:

  • The median value for Houses in Patterson Lakes is $1,366,139 while the median value for Units is $697,877.
  • Houses have a median rent of $755 while Units have a median rent of $620.
There are currently 14 properties listed for sale, and 10 properties listed for rent in Patterson lakes on OnTheHouse. According to Cotality's data, 162 properties were sold in the past 12 months in Patterson lakes.

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© Copyright 2025. 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.

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