Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Presidents Ave
$1,265,000
Last sold
5 Sept 2022
3
Bedrooms
2
Bathrooms
2
Car spaces
346 m²
Land
Districts View
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$1,265,000
5 Sept 2022 · derived via latest_sale
Local land rate: recorded House sales in Ocean Grove (last 5 years) with land size have a median of $1,790/m² of land (n=74). Districts calculation from recorded sales — not a valuation.
Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
Planning
Planning scheme
ZN
Zone
NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 4
NRZ4
Jurisdiction
Greater Geelong
Greater Geelong, VIC
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 4 · NRZ4 (ZN). Official parcel area about 347 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate. Zoning and lot facts are a starting point, not proof this lot outperforms the suburb. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Flood overlay has not been queried for this lot. Missing layer is unknown, not “no.” Minimum lot size is not loaded, so two-lot subdivision is not confirmed. The listing may look cheap relative to land or the street. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 15; PROTECTED SETTLEMENT BOUNDARY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $584/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
3 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned NEIGHBOURHOOD RESIDENTIAL ZONE - SCHEDULE 4 · NRZ4 (ZN). Official parcel area about 347 m². Dual occupancy is not confirmed from the controls loaded for this lot. Two-lot subdivision is unknown without minimum lot size and frontage. This is a screen, not a planning certificate.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
KnownlowThe listing may look cheap relative to land or the street. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 15; PROTECTED SETTLEMENT BOUNDARY. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
UnknownFlood overlay has not been queried for this lot. Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownNo DA adapter returned applications for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
Listing material
Listed by Bellarine PropertyThe Feel:
Perfecting the art of considered spaces and lifestyle flexibility, this stylish 3BR home is graced with timeless appeal, easy functionality, and an elevated, convenient locale. Ideally proportioned for young families, downsizers and those seeking low maintenance coastal living, it showcases an impressive array of quality finishes and a flowing layout that has been designed to maximise indoor-outdoor living. Supremely positioned in coveted Old Ocean Grove, backdropped by the sounds of the sea and local birdlife, the property is just 1km from the town centre and onwards to the beach.
The Facts:
-Custom designed 3BR home, set over two free-flowing levels
-Family-friendly location is a leisurely walk or ride to childcare & kindergarten (500m), Ocean Grove Primary School (750m), & with public transport on your doorstep
-A mere 1km to town centre shopping & dining, with world-class beaches just minutes from home
-Timeless & sophisticated, interiors boast high ceilings, hardwood flooring & square-set cornices
-Spacious ground floor living room with built-in timber cabinetry
-Effortless connection to generous undercover outdoor living zone (built-in bench seating) for year-round alfresco enjoyment
-Entertainers and home cooks will appreciate the high-quality kitchen with 900mm dual fuel cooking, stone benchtops & undermount sink
-Breakfast seating links kitchen with dining space, where 133-bottle wine rack invites sophisticated entertaining
-Flexibility for single level living, with ground floor guest bedroom & family bathroom
-Located on the upper level, the oversized master bedroom offers custom timber bedhead, generous ensuite with double in-situ shower, & private balcony
-Huge WIR with convenient laundry chute
-Elevated 3rd bedroom features double BIRs and east-facing outlook over the treetops
-Family bathroom with floor-to-ceiling tiling
-Ducted heating & cooling + split system to master bedroom for year-round comfort
-DLUG with internal & rear access, + practical storage options
-Underdeck rainwater storage & solar array promote sustainability
-Soak up the sunshine in the secure, north-facing yard
-Private & low maintenance, the home is ideally suited to convenient permanent living or easy lock-and-leave holiday accommodation
The Owner Loves….
“We love the connectedness that the home offers to both the natural environment, as well as to the town. You do feel like you are part of nature, surrounded by the birdlife and the tree-tops, yet it is such a short walk to the beach, shops, and school. It’s the best of both worlds.”
*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.
Listing description written by Ben Roberts, Bellarine Property — reproduced as published, not verified by Districts.
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