Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Heathwood Way
$940,000–$990,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
2
Car spaces
600 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
$940,000–$990,000
Asking range · $1,567/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
Based on the low end of the asking range, not a contract price.
$57,474 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 3.2%. 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
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:
Designed for modern family living and magnificent indoor-outdoor entertaining, this single-owner residence delivers generous scale and refined comfort within a lush, tropical-inspired garden sanctuary. An expansive open-plan social zone forms the heart of daily life, with light-filled family and meals areas flowing to the well-appointed stone kitchen and out to the covered entertainer’s deck and verdant surrounds. A second living area provides valuable flexibility, complemented by ducted heating, evaporative cooling, solar PV system, and off street parking suited to a caravan or boat. Placed on 600sqm (approx.), it sits peacefully within a stroll of parks and lakeside walking tracks, and just 800m from the Kingston Village Shopping Centre.
The Facts:
-A 4 bedroom residence designed with generous family space & everyday functionality in mind
-Lush, tropical-inspired gardens deliver a genuine sense of sanctuary from the moment you arrive
-Step inside to discover sprawling a single-level layout, with heightened ceilings enhancing the sense of space
-A sitting room on entry introduces a calm, adaptable space suited to relaxation or quiet retreat
-Double doors lead to the main bedroom, complete with generous WIR & ensuite
-With a genuine sense of space, the central open plan family domain is perfectly suited to both entertaining & daily family life
-Sliding doors open to a huge undercover alfresco deck immersed in a private, tropical garden sanctuary
-Dressed in stone, the kitchen features a 900mm oven, Fisher & Paykel d/w & a huge breakfast island
-Ample storage extends to the WIP, with direct garage access making grocery unloading a breeze
-The 3 remaining bedrooms, in their own wing to the rear, all come with convenient BIRs
-Timber-look floating floors to all bedrooms & both living rooms enhance the home’s sense of warmth
-Family bathroom, separate WC & abundant storage space underpin the practical appeal
-Ducted heating & evaporative cooling tailor comfort throughout the seasons
-A DLUG is complemented by a designated parking area for a boat or caravan
-A recently replaced solar PV system keeps the home’s running costs to a minimum
-Private outdoor spaces framed by established border plantings, informed by permaculture principles for easy upkeep
-The 600smq (approx.) site also offers grassy space for kids & pets to play
-Enjoy an increased sense of safety with Crimsafe external doors, lockable windows & security cameras
-Freshly painted & with all-new bathroom fixtures, there’s nothing to do but move in & enjoy
-Community-minded locale, close to beautiful parklands & lake-side walking tracks
-Walking distance to Kingston Village shops for daily essentials
-It’s also just a 3min drive to Market Place Shopping Centre, and the local school & sporting hub
The Owner Loves….
“The gardens have brought such a sense of peace to our everyday life. They create a natural oasis around the home, offering space to relax, entertain, and enjoy the outdoors in complete privacy.”
*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 Levi Turner, Bellarine Property — reproduced as published, not verified by Districts.
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