2/5 Ocean Reef Drive, Patterson Lakes, VIC 3197 | Property Value & History | OnTheHouse
 
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2/5 Ocean Reef Drive
Patterson Lakes VIC 3197

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 134m2
Land area: 385m2
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Property Details for 2/5 Ocean Reef Dr, Patterson Lakes

2/5 Ocean Reef Dr, Patterson Lakes is a 3 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 1990. The property has a land size of 385m2 and floor size of 134m2. While the property is not currently for sale or for rent, it was last sold in November 2012.

Building Type
Unit
Year Built
1990
Floor Size
134m2
Land Size
385m2
Local Government
Kingston
Lot/Plan
2/SP36404

Last Listing description (January 2013)


Securely leased and situated right in the heart of Patterson Lakes sits this well presented 2 bedroom plus study or 3 bedroom unit. It is sure to appeal to any purchaser looking to downsize, or perhaps those looking for an investment property. It could also be the ideal property for first home buyers wanting to get into the property popular Patterson Lakes market. Inside you will find the master bedroom with an ensuite and WIR. The other 2 bedrooms/study are of good size and both have BIR's. The lounge and dining room lead out to the large outdoor area.The kitchen has gas cooking appliances and a dishwasher. The main bathroom comprises of a bath, shower, vanity and separate toilet. Your single lock up garage has internal access.
This unit has it's own street frontage, no Owners/Body Corporation fees and is conveniently located close to the shops, schools, restaurants, public transport and walking tracks.

Currently securely tenanted until June 2013.

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Property History for 2/5 Ocean Reef Dr, Patterson Lakes, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$395,000
30 Nov 2012
  • 30 Nov 2012
    Sold for $395,000
  • 04 Aug 2011
    Listed for Sale $475,000 NEGOTIABLE
  • 08 Jul 1999
    Sold for $180,000
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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 4,031 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 15 properties listed for sale, and 10 properties listed for rent in Patterson lakes on OnTheHouse. According to Cotality's data, 158 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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