Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Madeley St
$1,130,000
Last sold
27 Apr 2021
3
Bedrooms
2
Bathrooms
1
Car spaces
394 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
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
$1,130,000
27 Apr 2021 · derived via latest_sale
Local land rate: recorded House sales in Ocean Grove (last 5 years) with land size have a median of $1,792/m² of land (n=75). 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 data is being calculated
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
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” 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.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
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?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). 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
UnknownDevelopment applications have not been queried 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 PropertyThis O’Dowd built home in leafy Madeley Street is really something special! Set in a desirable sector of Old Ocean Grove between Blue Waters Lake and The Terrace shopping precinct, this peaceful and contemporary home would make a wonderful downsize, beach holiday escape or privileged first home.
-Quintessential Old Grove with flowering gums, birdsong and the surf in earshot
-1 block from Blue Waters, and a short walk from The Terrace Shops, beach and estuary
-Gorgeous open plan design that capitalizes on the trees and natural light
-2 indoor living zones, 2 outdoor living zones, 3 bedrooms, 2 bathrooms and 3 toilets
-Large Second living area soaks with natural north light and gum tree views
-Stylish rendered brick with Western Red Cedar windows and doors
-Spacious, north-facing entertaining courtyard at the facade with built-in seating
-Open kitchen/living zone with highlight glazing raining light in from all directions
-Living flows to the northern courtyard and out a cool garden deck to the south
-Wonderful cross-ventilation and a desirable indoor-outdoor ambiance results
-A cosy gas log fire, Ducted heating, large Rinnai gas heater and split system AC tailor the climate
-Contemporary kitchen with a suite of well-kept Technika apps including dishwasher
-The integrated fridge/freezer and stainless steel splashback suit the minimalist decor
-Peaceful separate lounge with a calming garden vista and warm northerly aspect
-Rejuvenating master BR with split system AC
-The walk-through robe, with His and Hers spaces, and en suite add a luxurious touch
-Minor BRs are zoned away from the Master, set on the other side of the living hub
-Both offer built-in robes, relaxing garden views and easy access to the bathroom
-Fresh bathroom and en suite, each with shower, vanity, toilet and lots of natural light
-The third toilet, located in the garage, is convenient when entertaining
-Generous SLUG with internal access and further off-street parking on the driveway
-Walk to school, the library, bus stop to Geelong and The Bellarine, and the beach
The Owner Loves... "There's so much to love about our beautiful home, from the beautiful greenspace that we look out onto each day, the low maintenance gardens and the central location. We have been so lucky to live in Madeley Street!"
*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.
Listing description written by Toby Lee, Bellarine Property — reproduced as published, not verified by Districts.