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2/52 Powell Street, Ocean Grove$640,000
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2/52 Powell Street

Ocean Grove, VIC 3226, Australia
$640,000
2 bed 1 bath 2 car348 m²

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About this property

They say it's all about location, location, location - and here, you truly have it. Positioned just a few hundred metres from the main street and only a short stroll to the main beach, this is a lifestyle address where you can lock up the car and relax, with cafés, shops and the coastline quite literally at your doorstep. Set on a manageable 348m² allotment, the property presents exciting opportunities for both owner-occupiers and investors alike. The charming cottage retains its original façade, while the interior has been thoughtfully updated with respect for the integrity and character of its era. A generous entry welcomes you with high ceilings and original timber floorboards, immediately setting the tone. The main living area is filled with natural light thanks to north-facing glazing, and features classic sash windows and polished floorboards, creating a warm and inviting space to unwind. The open-plan kitchen connects seamlessly to the living and dining zone and showcases white cabinetry, timber benchtops and on-trend green splashback tiling, blending modern style with timeless appeal. Moving further through the home, a versatile multi-purpose room offers flexibility as a second living area, study, rumpus room or potential third bedroom, with direct access to the rear garden. Both bedrooms are generous in size, featuring updated carpet and lofty ceilings. The main bathroom and laundry have also been tastefully renovated, echoing the colour palette and finishes of the kitchen for a cohesive feel throughout. Outdoors, the rear garden is private and secure with established plantings, while the front garden is a blank canvas ready for your own creative touch. Currently tenanted until October 2026, this is a compelling opportunity to secure a blue-chip location with immediate income and future potential.

Property Details

Property Type
apartment
Listing Type
Sold
Bedrooms
2
Bathrooms
1
Parking
2
Land Area
348 m²
Listed
3 months ago

Repayment calculator

$3,103/month
$1,551 /fortnight
Loan $512,000 at 6.10% over 30 years

Upfront costs

Deposit$128,000
Stamp duty$33,470
Conveyancing (est.)$2,000
Total upfront$163,470
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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 apartment in Ocean Grove, VIC 3226 sits within reach of public transport, local shops and nearby schools. It is listed 56% below the $1.45m median of 76 comparable apartmentswithin 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

  • Ocean Grove Park/Draper St (bus)198 m away
  • 7-Eleven2.4 km away
  • Arthur Powell Reserve970 m away
  • Unnamed1.2 km away
  • Begola Wetlands1.3 km 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 · Unit 2 bed

Compound growth +3.1% / yr over 4 yrs

$685kcurrent median

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