Ocean Grove at a glance
19,129
People
No data
Median sale
$584/wk
Median rent
No data
Suburb gross yield
VIC › Ocean Grove › Powell Street West
$1,175,000–$1,250,000
For sale
Asking range
3
Bedrooms
1
Bathrooms
2
Car spaces
849 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
$1,175,000–$1,250,000
Asking range · $1,384/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.
$71,179 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 Oslo PropertyDefined:
In the pulse of Ocean Grove, this renovated beach house on 850sqm (approx.) delivers an address charged with lifestyle, scale and possibility. From the front yard, the village becomes part of the atmosphere. Coffee beans in the morning air, restaurants close enough for spontaneous dinners, parklands an easy flat stroll away and patrolled beaches ready for endless summer days. Inside, fresh coastal interiors bring light, comfort and relaxed appeal, making the home immediately enjoyable as a weekender, holiday base, permanent residence or Airbnb while future plans take shape. Zoned Residential Growth Zone 3, the property also carries genuine development weight, with scope for subdivision, townhouse or apartment development, a new coastal residence or strategic land bank position in one of Ocean Grove’s most walkable settings (STCA). Live it, lease it, holiday in it or think bigger. This is 850sqm of opportunity with town assets at your door and the future wide open.
Considered:
Kitchen – Freshly renovated kitchen filled with natural light, 600mm stainless steel oven with electric cooktop, Omega dishwasher, feature Acrylic splashback, ample bench space, built-in pantry cupboards, hybrid flooring and task lighting
Living – Sunny and bright with an expanse of original aluminum windows drawing in beautiful natural light. Desirable north orientation, hybrid flooring, feature lighting, reverse cycle heating & cooling, electric wall heater, external sun blind and beautiful garden outlooks
Dining – Oversized dining area offering plenty of space for gatherings with family and friends. Hybrid flooring, feature pendant light, warmed by an abundance of natural light and pleasing outdoor vistas
Three Bedrooms – Light-filled and beautifully scaled, all with built-in robes, engineered timber floors and ceiling fans
Bathroom – Spacious bathroom with separate vanity area, outstanding storage capacity, engineered timber floor, wall heater and adjacent shower/w.c room
Outdoors – 850sqm of pure potential! Desirable northern aspect with 20 metre frontage, exceptional scope for future redevelopment (STCA). Residential Growth Zone 3 (RGZ3). Carport, large single garage and garden shed. Ample off street parking. Ramped access to the front and rear. Established trees and gardens inducing privacy.
Close by facilities – The Terrace, Ocean Grove main beach, Ocean Grove Primary School, bowling club, golf club, Blue Waters Lake Reserve, Ocean Grove Park & boat ramp
Ideal for – Families, investors, professionals, builders & developers
*All information offered by Oslo 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 Oslo Property simply pass this information on. Use of such material is at your sole risk. Prospective purchasers are advised to make their own enquiries with respect to the information that is passed on. Oslo 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 Nick Ford, Oslo Property — reproduced as published, not verified by Districts.
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