Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Mermaid Ave
$995,000
Last sold
20 Jan 2023
3
Bedrooms
2
Bathrooms
2
Car spaces
604 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
$995,000
20 Jan 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:
Perfectly matching space, light and privacy with a substantial allotment and prized location, this updated 3BR home presents an outstanding opportunity to make your mark in the heart of Old Ocean Grove. The established, low-maintenance retreat is set on the high side of the sought-after Blue Waters Lake precinct, and offers an outstanding opportunity for families, seachangers or investors to enter a prime beachside market. Enjoying a generous 604sqm (approx.) north to rear site, there is also plenty of scope to extend (STCA), and start soaking up the exclusivity and seaside serenity of this coastal gem.
The Facts:
-Sought-after opportunity for relaxed coastal living, in an enviable lifestyle location
-Lovingly updated single-storey home on a substantial 604sqm (approx.) site offers ample indoor & outdoor space to enjoy, or exciting scope to extend (STCA)
-Family living is made easy with dual living zones, 3 well-sized BRs & expansive secure yard space
-Light-filled lounge with dual archways leads to central kitchen & meals zone
-2nd living room directly accesses an undercover patio & fully fenced back yard, catering to seamless indoor-outdoor living
-Well-appointed kitchen features a full suite of SS appliances, plenty of storage space & breakfast seating for meals on the-go
-Parents will appreciate the master suite with WIR & ensuite
-2 additional BRs, both with BIRs, are serviced by a central family bathroom & separate WC
-Refurbished interiors boast natural tones & textures to enhance the relaxed coastal aesthetic, including engineered timber flooring to main traffic areas
-Dual split system heating & cooling units, + ceiling fans to living rooms & master bedroom for year-round climatic comfort
-There is ample space for off-street parking, with a long driveway leading to double carport & SLUG with storage
-Enjoy sun-soaked outdoor living, with the expansive north-facing back yard the ideal space for enjoying relaxed summer barbecues or easy entertaining
-Quiet Old Ocean Grove location is just 500m to the walking tracks & wildlife of the picturesque Blue Waters Lake
-Proximity to golf club, river, boat ramp, walking tracks, beach, shopping & dining further enhances the lifestyle offerings
-Ideal family home, beach retreat, downsizer, or savvy investment
The Owner Loves….
“We love that there is so much to discover and enjoy in this part of town, all without having to take the car out of the driveway. A short walk or ride will have you taking a stroll around the lake, hitting the surf, flushing a nine iron, or taking in the tranquillity of the river estuary. It’s hard to imagine a better lifestyle offering.”
*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.
Also look at
6 Feiglin Ct, Ocean Grove VIC 3226
0-bed land for sale. Asking $900K.
112 Empress Blvd, Ocean Grove VIC 3226
5-bed house for sale. Asking $1.18M–$1.24M.
15 Tomatin St, Ocean Grove VIC 3226
4-bed house. Asking $850K–$880K.
9 Jabiru Cl, Ocean Grove VIC 3226
3-bed house for sale. Asking $800K–$875K.