Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Canis Cres
$987,500
Last sold
10 Oct 2023
4
Bedrooms
2
Bathrooms
2
Car spaces
679 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
$987,500
10 Oct 2023 · derived via latest_sale
Local land rate: recorded House sales in Ocean Grove (last 5 years) with land size have a median of $1,795/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 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 PropertyThe Feel:
Perched atop an elevated setting boasting sweeping ocean views from Cape Schanck to the Barwon Heads Bluff, this spacious family home presents an outstanding seaside opportunity brimming with endless possibility and lifestyle appeal. Displaying impressive proportions and a flexible two-storey floorplan, this classic residence offers comfortable living for now, with outstanding potential for an inspirational renewal or redevelopment (STCA). Set over a sunny 678sqm (approx.) parcel, the home’s quiet setting is an easy stroll to the sand, surf, and shops, and just moments to the Surfside school and sporting precinct.
The Facts:
-Spacious 2-storey family home boasting a mesmerising ocean panorama from both levels
-The classic late-1980s residence is in original condition, offering comfortable immediate accommodation with outstanding potential for a contemporary transformation
-A fabulous flow of spaces incorporates 3 generous living areas & 3-4 bedrooms, to easily accommodate family and guests
-Upon entry, a large living room with bay window captures the ocean vista
-French doors access a separate sitting room, delivering connectivity and privacy in equal measure
-Upper level reveals the home’s stunning showpiece – an elevated living zone with full wall of windows framing the spectacular outlook
-Timber kitchen with wall oven, electric cooktop, Miele dishwasher, and an abundance of bench & storage space
-Large, open dining area offers plenty of space to host large family gatherings
-Master bedroom with ensuite & WIR is zoned to the façade, a bay window capturing water views
-Adjoining home office offers flexibility to function as a 4th bedroom or ideal nursery
-2 additional bedrooms, both with BIRs, are privately set across the home’s 2 floors
-High ceilings with decorative cornices add to the feeling of spaciousness
-Ducted heating, electric wall heaters plus reverse cycle split systems to both levels acclimate the home throughout the seasons
-Appealing to tradies and DIYers, an oversized DLUG includes workshop space with WC & sink, plus pull-through access for a trailer
-A long in-line driveway adds to the off-street parking options
-There is ample indoor & outdoor storage including attic space & garden shed
-Delivering everyday convenience, the peaceful location is within walking distance of Shell Road Reserve, Surfside school hub & Market Place shopping precinct
-Enjoy as-is or place your own stamp on this wonderfully located seaside home
The Owner Loves….
“Life seems to be on pause when you kick back, unwind, and take in the view. From both levels, there is always something to observe – we love watching the ships make their way through the Heads, the sun setting over the Bluff, and the most spectacular summer storms.”
*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 Toby Lee, Bellarine Property — reproduced as published, not verified by Districts.