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VIC › Ocean Grove › The Tce

U1, 102 The Tce, Ocean Grove VIC 3226

For saleTownhouse

$1,900,000–$1,995,000

For sale

Asking range

4

Bedrooms

2

Bathrooms

1

Car spaces

227 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,900,000–$1,995,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,900,000–$1,995,000(Listing record · 20 Dec 2024)
  • FactLand 227 m²; no building size recorded.(Property record)
  • CalculationRecorded Townhouse sales in Ocean Grove (last 5 years) with land size: median $3,006/m² of land (n=8). Districts calculation from recorded sales — not a valuation.(Districts recorded sales)
  • CalculationIf it leased at Ocean Grove's advertised median rent ($584/wk), implied gross yield would be 1.60% — this is not a rent for this listing.(Districts scenario calculation)

What could make it worth more?

No upside evidence detected in the data Districts holds for this lot.

What could make it worth less?

No detected risks — but see the checklist: absence of evidence is not an all-clear.

What should you verify next?

  1. 1Official planning layers are still retrieving for this parcel — check back before relying on zoning or overlay absence.
  2. 2No hazard layer has been retrieved — confirm flood, bushfire and heritage exposure from council mapping before an offer.

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

The ask against the evidence

Asking

$1,900,000–$1,995,000

Asking range · $8,370/m² of land

No recorded sale for this property.

Local land rate: recorded Townhouse sales in Ocean Grove (last 5 years) with land size have a median of $3,006/m² of land (n=8). 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

See the full Ocean Grove report →

Total cost to purchase

Based on the low end of the asking range, not a contract price.

Purchase Price
$1,900,000
Stamp Duty (Victoria)
$104,500
Transfer/Registration Fee
$3,614
Mortgage Registration (est., if financed)
$200
Legal & Conveyancing (est.)
$2,000
Building & Pest Inspection (est.)
$700
Rates & Water Adjustment at Settlement (est.)
$800
Total cash required
$2,011,814

$111,814 on top of the price (5.9% extra)

  • Stamp Duty (Victoria)
  • Transfer/Registration Fee
  • Mortgage Registration
  • Legal & Conveyancing
  • Building & Pest Inspection
  • Rates & Water Adjustment

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.

Rental yield

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.

Net yield
0.10%
Annual cashflow (pre-tax)
$-96,932
Interest cover (DSCR)
0.02
Annual rent
$30,368
Operating expenses
$28,500
Loan amount
$1,520,000
Annual interest
$98,800
Gross yield
1.60%

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.

Open the full yield calculator →

Planning

Planning and development

Planning data is being calculated

Development activity

Data unavailable

Source

  • Provider: unavailable
  • Dataset: unavailable
  • Retrieved: not yet retrieved
  • Version: planning-v1

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

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, bushfire and heritage

i

Flood

Not retrieved

Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Bushfire

Not retrieved

Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Heritage

Not retrieved

Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.

Records

Property history

20232024$1.75m$1.9m
  • Sold (recorded)
  • Asking price (not a sale)
  1. Listed$1,900,000–$1,995,000available19 Dec 2024
  2. Listed$1,750,000–$1,850,000available29 Nov 2023

Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.

Capital growth

VIC

Why this lot, not just this suburb

Why could this property outperform?

Planning 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.

What could kill that thesis?

Confidence: low

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

Income, competition, and yield

What will it realistically rent for?

Confidence: low

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.

What competition will it face?

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.

What does the yield actually look like?

Confidence: low

Gross yield if leased at the suburb aggregate is 1.6%. 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

What this means for this property

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.”

Read more

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

What is known for this property

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

    Unknown

    Planning layers have not been retrieved for this property yet.

  • Nearby development pipeline

    Unknown

    Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.

  • Honest achievable rent

    Knownlow

    This 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

    Unknown

    Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.

  • Why is this cheap?

    Unknown

    The constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.

  • Lot-level flood

    Unknown

    Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”

  • Catalyst exposure

    Unknown

    Funded catalyst catchments are not loaded. A TOD badge is not this product.

  • This lot's DA history

    Unknown

    Development applications have not been queried for this parcel.

  • Statutory land value versus ask

    Unknown

    Statutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.

  • Net yield / holding costs

    Unknown

    Net yield / holding costs are not estimated outside NSW without inventing land tax.

Area

Ocean Grove in one glance

Ocean Grove at a glance

19,129

People

No data

Median sale

$584/wk

Median rent

No data

Suburb gross yield

See the full Ocean Grove report →

Keep researching

  • Why Ocean Grove? Read the area thesis →
  • What else is on the market in Ocean Grove →
  • Other records on The Tce →

Listing material

Listed by RT Edgar Bellarine

Ocean-View Entertainer, Footsteps to the Town Centre

Property is available for inspection by appointment.

A spectacular statement in contemporary custom design and low-maintenance living, this sophisticated four-bedroom townhouse has been curated with a commitment to quality, luxurious appointments, and a coastal lifestyle that’s second to none.

Situated just 200m from the town centre, there are sweeping ocean views to enjoy from a rooftop entertaining zone, a deluxe gas heated swimming pool, as well as walking access to shopping, dining, and the beach.

Read the full description

A statement pivot door provides an instant welcome to the open plan living domain, where sleek concrete flooring and high square-set ceilings are warmed by the ambience of a gas log fireplace. A bank of bi-fold doors spill out to the sundrenched northerly swimming pool, forming an irresistible backdrop for alfresco enjoyment.

Effortlessly catering to any occasion, a streamlined island kitchen offers a high-spec fit-out with its soft-close joinery, electric overhead cupboards, European appliances including twin Smeg ovens with pyrolytic function, and thick stone benchtops with waterfall edges.

An additional light-filled living space is found upstairs, along with three of the home’s four bedrooms including an elegant main suite with mirror-wrapped ensuite, an executive-sized walk-in robe and north orientation. The fourth robed bedroom sits alongside the ground floor bathroom which matches in sophisticated style.

Enjoy incredible spaces in which to host family and friends with a choice of open-air zones including a mid-level terrace offering protection from southerly breezes, or the rooftop balcony with its gas, water and electricity connections, set against a panoramic backdrop of the glistening ocean.

In a prized and ultra-convenient location with easy access to shops, restaurants, beaches and public transport, this superb family entertainer or low-maintenance holiday home features double glazing, hydronic underfloor heating, reverse cycle heating and cooling to living and all four bedrooms, ducted vacuum, outdoor shower, and single lock-up garage with pull-through access.

Listing description written by Brock Grainger, RT Edgar Bellarine — reproduced as published, not verified by Districts.

Also look at

Also for sale in Ocean Grove

  • U2, 78 The Tce, Ocean Grove VIC 3226

    2-bed apartment. Asking $1.08M–$1.18M.

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  • U10, 100 The Pde, Ocean Grove VIC 3226

    2-bed apartment. Asking $800K–$880K.

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  • 117 The Tce, Ocean Grove VIC 3226

    9-bed house for sale. Asking $1.69M–$1.79M.

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  • U5, 103-105 The Tce, Ocean Grove VIC 3226

    2-bed unit. Asking $650K–$695K.

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Districts

Australian property research from recorded sales, listings, and official layers. Missing data is shown as unavailable, never filled in.

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Research purposes only. Not personal financial advice, a valuation, or a planning certificate. Always speak to a licensed financial adviser before you act.