Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Peers Cres
$2,700,000
Last sold
20 May 2022
4
Bedrooms
2
Bathrooms
4
Car spaces
761 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
$2,700,000
20 May 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
PUBLIC CONSERVATION AND RESOURCE ZONE
PCRZ
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.
The official layer maps a flood zone on this parcel, intersecting about 99.8% of it (Vicmap Planning, retrieved 1 Sept 2026). Verify the extent against the title before relying on unaffected land.
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 PUBLIC CONSERVATION AND RESOURCE ZONE · PCRZ (ZN). Official parcel area about 761 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks constrained (often the rear or handle of the lot). 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.
99.8% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 2. Also mapped: LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1 (68.1% of the parcel). That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote. Flood overlay on a material share of the lot can kill a rear-lot or battleaxe subdivision story. Minimum lot size is not loaded, so two-lot subdivision is not confirmed. Official parcel about 761 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 16; LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 2; PROTECTED SETTLEMENT BOUNDARY; SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 7; LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1. 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. Flood on or flagged for this lot can discount tenant demand versus a dry comparable.
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
This looks more like a hold-as-is house than a development site. Flood on the lot is the first thing to price.
Detail
Official parcel about 761 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 16; LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 2; PROTECTED SETTLEMENT BOUNDARY; SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 7; LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Nearby competing dwellings and net yield are still unknown.
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.
4 of 10 questions answered so far
Development optionality of this lot
KnownmediumZoned PUBLIC CONSERVATION AND RESOURCE ZONE · PCRZ (ZN). Official parcel area about 761 m². Dual occupancy looks constrained by site overlays or terrain. Two-lot subdivision looks constrained (often the rear or handle of the lot). 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?
KnownmediumOfficial parcel about 761 m² — land size can look like optionality. What reduces it: SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 16; LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 2; PROTECTED SETTLEMENT BOUNDARY; SIGNIFICANT LANDSCAPE OVERLAY - SCHEDULE 7; LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1. Pay house money or walk — do not pay site money until a planner confirms a pathway through this stack.
Lot-level flood
Knownmedium99.8% of the official parcel intersects the loaded flood overlay. Layer: LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 2. Also mapped: LAND SUBJECT TO INUNDATION OVERLAY - SCHEDULE 1 (68.1% of the parcel). That is a finance, insurance, and rentability screen — distinct from whether the land can be subdivided. It is not a flood certificate or an insurer quote.
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:
Imagine a dream lifestyle where you can wake up to the sounds of water gently lapping the shoreline, and finish each day taking in the breathtaking sunsets across the Barwon River. This unparalleled opportunity could be yours with this 4-bedroom family home, spectacularly located on the water’s edge. Spread across two levels, the home features multiple indoor and outdoor living zones, and a sublime vantage point from which to embrace the uninterrupted water views. Rarely do lifestyle opportunities of this calibre present – become one of the privileged few to call Peers Crescent home.
The Facts:
-Absolute waterfront location with panoramic views across the Barwon River to the iconic Barwon Heads bridge & estuary
-A rare offering that has been tightly held by the same family for decades
-Generously appointed 2-storey home, boasting 4 bedrooms & multiple living areas
-A high-quality kitchen & dining area is the heart of the lower level, featuring parquetry flooring, 60mm stone benchtops, & butler’s pantry
-SS appliances include 900mm Highland gas cooktop, wall oven with warming tray & dishwasher
-Lower-level living includes formal sitting room & L-shaped rumpus room, both with water views, plus a private rear room that lends itself to a home office or teenager’s retreat
-The family-friendly floorplan has bedrooms separately zoned up on the upper level
-Master BR suite includes WIR, newly renovated ensuite & study. A raked ceiling enhances the sense of space while glazing & direct access to a private west-facing deck
-Adjoining living room also offers deck access to capitalise on the spectacular outlook
-3 further bedrooms all feature BIRs & are serviced by a family bathroom & 4th living area
-High ceilings throughout add to the sense of spaciousness
-Split system heating & cooling, plus gas wall heaters to both levels
-Stunning north-facing sunken courtyard is surrounded by lush greenery, with a Gleditsia feature tree providing summer shade
-Expansive north & east facing merbau deck on the upper level offers privacy, & protection from the elements
-Abundance of OSP including DLUG with electric tilt door, double carport & additional single carport
-Step out your front door & take a morning walk along the river, head to nearby cafes for a relaxed brunch, or enjoy an afternoon at the world-class surf beach
-Sought-after location is a stone’s throw from the boat ramp & Ocean Grove Golf Club
-Laidback lifestyle that is almost impossible to replicate anywhere else
The Owner Loves….
“Living here is like living in the most beautiful landscape picture. The natural beauty that surrounds you is simply astounding and being here, you really do feel as though you are a part of living art.”
*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 Andrew Kibbis, Bellarine Property — reproduced as published, not verified by Districts.