Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Blue Waters Dr
$820,000–$855,000
For sale
Asking range
$775,000
Last sold
15 Dec 2020
3
Bedrooms
1
Bathrooms
2
Car spaces
605 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
Asking
$820,000–$855,000
Asking range · $1,355/m² of land
Last recorded sale $775,000 (15 Dec 2020).
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
Based on the low end of the asking range, not a contract price.
$49,993 on top of the price (6.1% extra)
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.
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.
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.
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.
Gross yield if leased at the suburb aggregate is 3.7%. 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
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 Oslo PropertyDefined:
Positioned high to capture uninterrupted outlooks across Blue Waters Lake and surrounding parkland, this beautifully renovated coastal cottage delivers immediate lifestyle appeal with exciting future flexibility. Framed by a peaceful, established setting on over 600sqm (approx.), the home embraces a relaxed indoor-outdoor flow while celebrating its picturesque vantage point from both the kitchen and balcony.
Designed to maximise natural light and outlook, raked ceilings and expansive windows draw in the ever-changing landscape, while the open plan living domain connects seamlessly to a private entertaining deck—perfect for soaking in sunsets and watching birdlife drift across the water. With quality updates already complete and council-approved plans in place for a two-townhouse subdivision, the property offers a compelling opportunity for homeowners, investors or those looking to secure a blue-chip site with long-term upside.
Considered:
Kitchen:
Refurbished and thoughtfully positioned to capture uninterrupted views across Blue Waters Lake, featuring quality appliances, stainless steel splashback, ample cabinetry and seamless connection to the living and dining domain.
Open Plan Living/Dining:
Light-filled central zone with timber flooring underfoot, raked ceilings, large windows framing the outlook, split-system heating and cooling, and direct access to the elevated entertaining deck.
Outdoor Entertaining:
Private balcony and deck area designed to embrace the stunning lake and parkland views, creating the perfect setting for relaxed afternoons and sunset entertaining.
Bedrooms:
Three well-proportioned bedrooms, two fitted with built-in robes, complemented by a flexible layout that comfortably accommodates family living, guests or a dedicated home office space
Bathroom:
Centrally positioned and renovated, complete with shower over bath, vanity, WC and wall heater for added comfort.
Additional Living / Flex Space:
Adaptable layout offering versatility for growing families, guests or work-from-home functionality.
Outside:
Established cottage-style and native gardens across the 600sqm (approx.) allotment, with multiple breakout zones for outdoor seating, complemented by a twin carport and garden shed for additional storage.
Luxury Inclusions:
Timber flooring, raked ceilings, split-system heating and cooling, additional WC, internal roller blinds throughout, updated kitchen and bathroom, new roof, and quality renovations already completed.
Future Potential:
Council-approved plans and permits for a two-lot townhouse development and subdivision offer added value and flexibility for the right buyer, without compromising the home’s immediate lifestyle appeal.
Close By Facilities:
Blue Waters Lake walking trails and parklands, Ocean Grove Primary School, local sporting facilities, Ocean Grove Marketplace, The Terrace shopping precinct, and pristine surf beaches just minutes away.
Ideal For:
First home buyers, holiday makers, investors or developers seeking a scenic coastal holding with immediate comfort and future upside.
Listing description written by Nick Ford, Oslo Property — reproduced as published, not verified by Districts.