Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Grubb Rd
$1,170,000–$1,250,000
For sale
Asking range
4
Bedrooms
2
Bathrooms
6
Car spaces
660 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
$1,170,000–$1,250,000
Asking range · $1,773/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.
$70,892 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 2.6%. 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:
A unique opportunity combining residential comfort with industrial versatility, this 660sqm (approx.) property offers a spacious four bedroom home alongside a freestanding factory on site. The main residence delivers generous family space with dual living zones, rustic character, and plenty of parking options, while the adjoining semi self-contained factory provides exceptional scope for business, storage, or creative pursuits. With coveted Industrial 1 zoning, the property presents endless potential for owner occupiers, investors, or tradespeople seeking a dynamic live work arrangement. Perfectly positioned close to schools, shops, eateries, and public transport, it blends lifestyle and commercial opportunity in one comprehensive package.
The Facts:
-A unique property offering both residential and commercial facilities – run your business from home
-Includes a 4-bedroom residence & freestanding factory across a 660sqm (approx.) corner parcel
-Positioned on the edge of Ocean Grove’s bustling industrial precinct
-Industrial 1 zoning suitable for manufacturing, warehousing, logistics & storage facilities
-The main house charms with its rustic cottage feel, including pitched, timber-lined ceilings, parquetry floors & gable end windows
-A 2-storey layout reveals open-plan living with a gas log fire setting cosy ambience
-Wraparound timber kitchen well-appointed with Ilve 900mm oven, Kleenmaid d/w & WIP
-A 2nd living zone on the upper level provides ideal retreat for children or teens
-Four bedrooms are spread across the home’s 2 levels, including main with alfresco access
-Family bathroom with built-in bathtub, shower, timber vanity & separate WC
-Split system heating/cooling to open-plan living & main bedroom
-Low-maintenance outdoors with privately enclosed paved alfresco area
-The 130sqm freestanding factory offers a myriad of uses for business, office & overflow living
-With 3-phase power, its previous uses include sign-making & furniture construction
-Custom barn door reveals semi-self-contained living, with kitchenette & bathroom facilities
-Enjoy seasonal comfort with a wood burning fire & 2 x split systems
-Ample parking options include an enclosed single carport with tandem in-line driveway to the rear
-There’s also gated access to the backyard, perfect for a trailer
-A green outlook over the neighbouring Kingston Park Recreation Reserve contrasts against the property’s industrial setting
-A short walk delivers you to local eateries, shops, schools & sporting facilities
-Marketplace Shopping Centre is only 3mins away for daily convenience
-Public transport is on your doorstep, with Grubb Road affording an easy Geelong CBD commute
The Owner Loves….
“Overlooking neighbouring parkland, the property feels far removed from standard industrial settings, offering a homely warmth. We’ve loved the balance this property offers – a welcoming family home and the freedom of a separate factory.”
*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.