SOLD

Ocean Grove 120 The Terrace

Sweeping Ocean Views, Central Location and Huge Development Potential.


Floorplan

Prepare to be swept off your feet by dazzling views sweeping from Port Phillip Heads to the Barwon Heads Bluff at this sensational property in the heart of Ocean Grove. Gifted with a spacious three-bedroom home set across two levels, the property also offers a self-contained unit all set on a spacious 816 sqm (approx.) allotment. Entirely charming as it is, there’s no denying that the property offers enormous development potential with Residential Growth Zoning providing the ability to build up to 10.5 metres (STCA).

Held by one family for 45 years, the home has been lovingly maintained and cleverly designed to capitalise on both functionality and location. As you ascend the staircase to the light-filled living/dining area, prepare to be ‘wowed’ by floor-to-ceiling windows framing ever-changing views of the ocean. Cosy up indoors to watch the ships pass by or move onto the balcony for some fresh air, perfect for entertaining. All three bedrooms are well equipped with built-in robes while two bathrooms and a separate ground floor lounge make family living a breeze.

Nestled in the rear yard, the fully self-contained two-bedroom unit offers enormous flexibility as a guest suite, kids retreat or rental opportunity. Low-maintenance gardens surround the home alongside lawn and established fruit trees while hydronic heating and split system heating/cooling provide year-round comfort. The double garage, extended driveway and additional carport offer plenty of space for parking cars and toys.

This ideal central location is an easy stroll to the beach for a refreshing dip or take a flat 400 metre walk to the town centre with its bustling cafes, restaurants and shopping options. Whether you enjoy this delightful property as it stands, create your dream home with some modern updates or take advantage of this outstanding development opportunity), this sensational property is not to be missed.

Breathtaking 180-degree ocean views from Heads to Bluff. Open plan living/dining and large balcony for entertaining. Self-contained two-bedroom unit separate to the main house. Development potential with Residential Growth Zoning (STCA). Hydronic heating, split system cooling and car/toy parking. Magnificently located a short walk to beach and town centre.


  • Property Information

    • Land area approx 817sqm
  • Property Features

    • Garages 2

Nearest Schools

  • In Catchment Area
  • Independent Schools*

Primary School

  • Ocean Grove Primary School

Secondary School

  • Bellarine Secondary College

Primary

  • Our Lady Star of the Sea School
* Nearby schools are automatically selected based on straight-line distance only, and ordered by proximity.

Fletchers Agents


Sold

$2,350,000

5    3    2   

House

Ocean Grove Area Guide

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Important Information

Fletchers Area Guide Ocean Grove, VIC 3226

100 minutes south-west of Melbourne lays Ocean Grove on the Bellarine Peninsula, a popular holiday resort with its elongated surf beach and safe swimming in the Barwon River estuary. The attraction of Ocean Grove as a family holiday destination has continued for more than a century. For many years, zoning restrictions confined residential developments south-west of Shell and Tucker Roads. Rapid development is now occurring to the east in an area known as Collendina.

Ocean Grove Suburb Guide

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