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VIC › Ocean Grove › Emperor Dr

31 Emperor Dr, Ocean Grove VIC 3226

For saleHouse for Sale

$1,350,000–$1,450,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

4

Car spaces

650 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,350,000–$1,450,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,350,000–$1,450,000(Listing record · 19 Mar 2026)
  • FactLand 650 m²; no building size recorded.(Property record)
  • CalculationIf it leased at Ocean Grove's advertised median rent ($584/wk), implied gross yield would be 2.25% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,350,000–$1,450,000

Asking range · $2,077/m² of land

No recorded sale for this property.

Ocean Grove at a glance

19,129

People

No data

Median sale

$584/wk

Median rent

No data

Suburb gross yield

See the full Ocean Grove report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,350,000
Stamp Duty (Victoria)
$74,250
Transfer/Registration Fee
$3,263
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$1,431,213

$81,213 on top of the price (6.0% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.

Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.

Rental yield

Based on the low end of the asking range, not a contract price.

Pre-filled with Ocean Grove's advertised median rent — not a rent for this listing.

Net yield
0.75%
Annual cashflow (pre-tax)
$-60,082
Interest cover (DSCR)
0.14
Annual rent
$30,368
Operating expenses
$20,250
Loan amount
$1,080,000
Annual interest
$70,200
Gross yield
2.25%

Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

  1. Listed$1,350,000–$1,450,000available19 Mar 2026

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 2.2%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.

Verdict

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Ocean Grove in one glance

Ocean Grove at a glance

19,129

People

No data

Median sale

$584/wk

Median rent

No data

Suburb gross yield

See the full Ocean Grove report →

Keep researching

  • Why Ocean Grove? Read the area thesis →
  • What else is on the market in Ocean Grove →
  • Other records on Emperor Dr →

Listing material

Listed by Harcourts Drysdale

Luxury Coastal Living with Begola Wetlands Outlook

All offers welcome, the vendors instructions are quite clear, this property is to be sold.

Looking for an exceptional family residence that delivers refined living, impressive scale and resort inspired comfort, where refined family living meets natural beauty and seaside serenity. Perfectly positioned to capture tranquil views across the Begola Wetlands, this impressive home delivers a rare combination of space, privacy and connection to nature in one of Ocean Grove's most tightly held pockets.

Thoughtfully designed and beautifully finished, this remarkable home offers four expansive bedrooms and two elegant bathrooms, creating an environment of space and sophistication for modern family living. Positioned on approximately 650 square metres of land with an expansive building area of 296 square metres, the property offers a rare sense of openness both indoors and out.

Read the full description

From the moment you step inside, the home makes a statement with its generous proportions and carefully curated interiors. Ducted heating and multiple split system air conditioning units ensure effortless comfort throughout the year. The main living zone is light filled and inviting, seamlessly connecting to a dedicated dining space that is perfectly suited to formal dinners or relaxed gatherings. At the heart of the home, the kitchen combines style and practicality with quality appliances, a dishwasher and abundant storage, making it ideal for both everyday living and entertaining on a grand scale.

The master suite is a true private sanctuary, featuring built in robes and a luxurious ensuite complete with an indulgent indoor spa, offering a hotel style retreat within your own home. The additional bedrooms are equally generous, each fitted with built in robes and serviced by a beautifully appointed family bathroom that reflects the same high standard of design.

Outdoors, the home truly embraces its natural surroundings. The fully fenced backyard provides privacy and security while opening out to calming views toward the Begola Wetlands, a protected natural reserve known for its birdlife, frog populations and peaceful walking tracks. A sparkling inground spa/plunge pool creates a resort style atmosphere, complemented by an inviting outdoor entertaining area that encourages relaxed evenings under the stars.

Additional features include a double garage with remote access, an internal laundry and double glazed windows that enhance both comfort and energy efficiency. The landscaped gardens are meticulously maintained and include a tranquil pond that adds a sense of serenity and natural beauty to the outdoor spaces.

Adding to the lifestyle appeal, Ocean Grove Main Beach is approximately 700 metres away, allowing you to stroll or cycle to the shoreline where you can hear the waves roll in and breathe in the fresh salt air of Bass Strait. The beach itself is a long stretch of golden sand, patrolled during the summer months and renowned for swimming, surfing and relaxed coastal walks.

Located close to schools, shopping, cafes and nature reserves, this remarkable home offers a lifestyle that balances luxury, coastal living and natural beauty. Offered for auction unless sold prior, this is a rare opportunity to secure a premium residence with wetlands outlooks and beachside living in one of Ocean Grove's most desirable locations.

Listing description written by Travis Smith, Harcourts Drysdale — reproduced as published, not verified by Districts.

Property features

  • Air Conditioning
  • Built-in Robes
  • Dishwasher
  • Ducted Heating
  • Ensuites: 1
  • Fully Fenced
  • Indoor Spa
  • Outdoor Entertaining
  • Outside Spa
  • In-Ground Pool
  • Remote Garage
  • Toilets: 2
  • Vacuum System

Also look at

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  • 112 Empress Blvd, Ocean Grove VIC 3226

    5-bed house for sale. Asking $1.18M–$1.24M.

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  • 15 Tomatin St, Ocean Grove VIC 3226

    4-bed house. Asking $850K–$880K.

    For sale
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Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.