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35 Blue Waters Drive

Ocean Grove, VIC 3226, Australia
$835,000
3 bed 1 bath 2 car605m²

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Area Price Guide
$784,900$885,100

Indicative price guide range

🏘️
85
Comparable
📊
$1.20m
Area median
⚖️
-30%
vs median
📐
$1,380
Per m²
📏
605 m²
Land
🗓️
1 week ago
Listed

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About this property

Defined: Positioned high to capture uninterrupted outlooks across Blue Waters Lake and surrounding parkland, this beautifully renovated coastal cottage delivers immediate lifestyle appeal with exciting future flexibility. Framed by a peaceful, established setting on over 600sqm (approx.), the home embraces a relaxed indoor-outdoor flow while celebrating its picturesque vantage point from both the kitchen and balcony. Designed to maximise natural light and outlook, raked ceilings and expansive windows draw in the ever-changing landscape, while the open plan living domain connects seamlessly to a private entertaining deckperfect for soaking in sunsets and watching birdlife drift across the water. With quality updates already complete and council-approved plans in place for a two-townhouse subdivision, the property offers a compelling opportunity for homeowners, investors or those looking to secure a blue-chip site with long-term upside. Considered: Kitchen: Refurbished and thoughtfully positioned to capture uninterrupted views across Blue Waters Lake, featuring quality appliances, stainless steel splashback, ample cabinetry and seamless connection to the living and dining domain. Open Plan Living/Dining: Light-filled central zone with timber flooring underfoot, raked ceilings, large windows framing the outlook, split-system heating and cooling, and direct access to the elevated entertaining deck. Outdoor Entertaining: Private balcony and deck area designed to embrace the stunning lake and parkland views, creating the perfect setting for relaxed afternoons and sunset entertaining. Bedrooms: Three well-proportioned bedrooms, two fitted with built-in robes, complemented by a flexible layout that comfortably accommodates family living, guests or a dedicated home office space Bathroom: Centrally positioned and renovated, complete with shower over bath, vanity, WC and wall heater for added comfort. Additional Living / Flex Space: Adaptable layout offering versatility for growing families, guests or work-from-home functionality. Outside: Established cottage-style and native gardens across the 600sqm (approx.) allotment, with multiple breakout zones for outdoor seating, complemented by a twin carport and garden shed for additional storage. Luxury Inclusions: Timber flooring, raked ceilings, split-system heating and cooling, additional WC, internal roller blinds throughout, updated kitchen and bathroom, new roof, and quality renovations already completed. Future Potential: Council-approved plans and permits for a two-lot townhouse development and subdivision offer added value and flexibility for the right buyer, without compromising the home's immediate lifestyle appeal. Close By Facilities: Blue Waters Lake walking trails and parklands, Ocean Grove Primary School, local sporting facilities, Ocean Grove Marketplace, The Terrace shopping precinct, and pristine surf beaches just minutes away. Ideal For: First home buyers, holiday makers, investors or developers seeking a scenic coastal holding with immediate comfort and future upside.

Property Features

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    Repayment calculator

    $4,048/month
    $2,024 /fortnight
    Loan $668,000 at 6.10% over 30 years

    Upfront costs

    Deposit$167,000
    Stamp duty$45,170
    Conveyancing (est.)$2,000
    Total upfront$214,170
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    3
    Bathrooms
    1
    Parking
    2
    Land Area
    605m²
    Listed
    1 week ago

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