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1/148 The Parade, Ocean Grove$740,000
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For Salehouse

1/148 The Parade

Ocean Grove, VIC 3226, Australia
$730,000 – $750,000
2 bed 2 bath 2 car62 m²

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About this property

Positioned in the ever-popular The Parade in Old Ocean Grove, this well-maintained brick residence presents an exceptional opportunity to secure a property in one of the town's most popular locations. Enjoy an easy stroll to the main shopping centre, Ocean Grove's stunning main beach, and surrounding open green spaces - a lifestyle that continues to attract both permanent residents and holidaymakers alike. Currently tenanted until August 2026, the property offers an ideal set-and-forget investment with the exciting option to plan ahead for your own summer escape or future permanent move. There is also the added convenience of an option to purchase the home furnished, making any future transition seamless. Recently renovated internally, the hard work has already been done. Downstairs showcases timber veneer flooring, fresh white walls and north-facing glazing dressed with fashionable sheers and roller blinds. The light-filled living, dining and renovated kitchen zone is tastefully styled in relaxed coastal tones, creating a welcoming heart of the home. This level also includes a laundry and a second bathroom with shower, vanity and WC. Upstairs, two generous bedrooms with built-in robes are serviced by a full central bathroom featuring shower, bath, vanity and a separate WC. The main bedroom enjoys the comfort of double glazing and opens to an east-facing Juliet balcony - the perfect place to enjoy your morning coffee, catch the sunrise and even glimpse the sea. Outside, a large east-facing paved courtyard is fenced and secure, with lowmaintenance planting providing an ideal setting to relax or entertain family and friends. A single garage plus additional off-street parking completes this appealing offering. Endlessly appealing and superbly positioned, this is an opportunity not to be missed. Enjoy all that Ocean Grove has to offer, right from your doorstep. Inspect today.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
2
Bathrooms
2
Parking
2
Land Area
62 m²
Listed
3 months ago

Repayment calculator

$3,587/month
$1,794 /fortnight
Loan $592,000 at 6.10% over 30 years

Upfront costs

Deposit$148,000
Stamp duty$39,470
Conveyancing (est.)$2,000
Total upfront$189,470
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Ocean Grove

This 2-bedroom house in Ocean Grove, VIC 3226 sits within reach of public transport, local shops and nearby schools. It is listed 43% below the $1.30m median of 73 comparable houseswithin 5 km.

Schools near Ocean Grove

  • Ocean Grove Primary Schoolprimary · Prep-6 · CoEd
  • Our Lady Star of the Sea Schoolprimary · Prep-6 · CoEd
  • Surfside Primary Schoolprimary · Prep-6 · CoEd
  • Bellarine Secondary College-Ocean Grove Campussecondary

What's nearby

  • Unnamed (bus)150 m away
  • Discount1.8 km away
  • Unnamed256 m away
  • Begola Wetlands389 m away
  • Arthur Powell Reserve439 m away

Ocean Grove at a glance

Full suburb profile
Population
17,714
Median age
43
Household income
$1,837/wk
Median rent
$420/wk
Median mortgage
$2,000/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Ocean Grove price trend

Median sold · House 2 bed

Compound growth -2.5% / yr over 4 yrs

$761kcurrent median

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Price history

Price history

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1 price change recorded for this property

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