Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started
Districts
SuburbsBlogSearch
|My DistrictsMy AreasSavedAlerts
Sign inGet started

VIC › Ocean Grove › Coolamon Cl

U1, 38 Coolamon Cl, Ocean Grove VIC 3226

For saleHouse

$1,450,000–$1,570,000

For sale

Asking range

1

Bedrooms

1

Bathrooms

2

Car spaces

7,927 m²

Land

Districts ViewPrice evidencePlanningSite constraintsHistoryListing

Districts View

Given the $1,450,000–$1,570,000 ask, is this worth your time?

Why this ask?

  • FactListed for sale, asking $1,450,000–$1,570,000(Listing record · 14 Nov 2025)
  • FactLand 7,927 m²; no building size recorded.(Property record)
  • CalculationRecorded House sales in Ocean Grove (last 5 years) with land size: median $1,792/m² of land (n=75). 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 2.09% — 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

$1,450,000–$1,570,000

Asking range · $183/m² of land

No recorded sale for this property.

Local land rate: recorded House sales in Ocean Grove (last 5 years) with land size have a median of $1,792/m² of land (n=75). 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
$1,450,000
Stamp Duty (Victoria)
$79,750
Transfer/Registration Fee
$3,497
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
$1,536,947

$86,947 on top of the price (6.0% 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
0.59%
Annual cashflow (pre-tax)
$-66,782
Interest cover (DSCR)
0.11
Annual rent
$30,368
Operating expenses
$21,750
Loan amount
$1,160,000
Annual interest
$75,400
Gross yield
2.09%

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

  1. Listed$1,450,000–$1,570,000available14 Nov 2025

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 2.1%. 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 Coolamon Cl →

Listing material

Listed by Hayden Real Estate Ocean Grove

A Rare Coastal Acreage Sanctuary in the Heart of Ocean Grove - Just Under 2 Acres of Pure Tranquillity

Discover an exceptional lifestyle opportunity - a secluded, nature-rich retreat set on just under 2 acre (7,908m2) block, right in the heart of Ocean Grove. This expansive 7,908m² allotment offers unmatched privacy, abundant wildlife, and unbeatable convenience, all within a short stroll to local shops and schools.

Surrounded by natural bushland, the property feels like a world of its own. Tawny frogmouths, wallabies, and other native visitors frequent the treed landscape, creating a truly peaceful and immersive environment rarely found so close to town.

Positioned on the site is a Treehab Mountain Ash tiny home, currently operating as a successful short-stay accommodation generating approximately $30,000 per annum. With a new value of around $150,000, buyers have the flexibility to keep it onsite for ongoing income, sell it or even live in it while they design their dream retreat. Electricity, water, sewerage and Nbn have already been connected to the chosen new home location, streamlining your future build and unlocking incredible potential.

Read the full description

Whether you're seeking a serene lifestyle change, an investment opportunity, or the perfect blank canvas to craft a forever home, this is one of Ocean Grove's most unique and tightly held offerings - a treed escape where privacy, nature, and convenience converge.

Key Features:

Just under 2 acres / 7,908m² of natural bushland

Peaceful setting with regular wildlife sightings

A short walk to shops, primary & secondary schools, Leisure centre at the end of the street and everyday conveniences

Services connected to the designated new home site

Treehab Mountain Ash tiny home generating approx. $30K p.a.

Tiny home valued at approx. $150,000 new - keep or sell

A rare chance to secure true acreage in central Ocean Grove next to the Nature Reserve & Kingston Park

Opportunities like this almost never come to market.

Acreage of this scale, in such a central Ocean Grove location, is exceptionally rare and highly sought-after. If you've been waiting for the perfect blend of privacy, nature and convenience - this is it.

Act quickly. Contact us today to secure one of Ocean Grove's most unique lifestyle holdings before it's gone.

Listing description written by Hugh McKewan, Hayden Real Estate Ocean Grove — reproduced as published, not verified by Districts.

Property features

  • Toilets: 1

Also look at

Also for sale in Ocean Grove

  • 6 Feiglin Ct, Ocean Grove VIC 3226

    0-bed land for sale. Asking $900K.

    For sale
  • 112 Empress Blvd, Ocean Grove VIC 3226

    5-bed house for sale. Asking $1.18M–$1.24M.

    For sale
  • 15 Tomatin St, Ocean Grove VIC 3226

    4-bed house. Asking $850K–$880K.

    For sale
  • 9 Jabiru Cl, Ocean Grove VIC 3226

    3-bed house for sale. Asking $800K–$875K.

    For sale
Districts

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

Research

  • Property search
  • Suburb profiles
  • Blog
  • Calculators
  • Follow suburbs
  • Sign in

Learn

  • How we use data
  • What's covered
  • Questions
  • Who it's for
  • Access

Company

  • About
  • Contact
  • support@districts.com.au

Legal

  • Privacy
  • Terms

© 2026 Districts

districts.com.au

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