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5/103-105 The Terrace, Ocean Grove$672,500
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5/103-105 The Terrace

Ocean Grove, VIC 3226, Australia
$650,000 – $695,000
2 bed 1 bath 1 car136 m²

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About this property

Perfectly positioned at 5/103-105 The Terrace, Ocean Grove, this two-bedroom unit offers a rare, entry-level opening into the absolute heart of the coastal town. Set on a manageable 136m², the home is the definition of a "blank canvas"-neat, functional, and ready for you to move in now while you map out your own future improvements. The exterior of the unit immediately catches the eye with classic retro-look awnings fitted on all windows, providing both character and practical shade that fits perfectly with the seaside vibe. An east-facing front door ensures you capture beautiful morning sun, while the main living area stays comfortable year-round thanks to a dedicated split system for heating and cooling. The kitchen is straightforward and practical, allowing you to finish the installation to your own taste; there is a plumbed corner space perfectly suited for a European-style laundry. While the home remains basic and honest, the bathroom has been tastefully updated with encaustic-look tiles, adding a subtle touch of style to the practical design. Both bedrooms are surprisingly large, offering a sense of space often missing in modern units. Security is a breeze with a single carport at the front featuring an electric secure roller door. Crucially, the thoughtful design includes extra space at the rear of the carport, providing an ideal spot for a small workshop, secure storage for boards, bikes, or tools. This leads directly to the private west-facing courtyard, which becomes a sun-drenched sanctuary in the afternoons, perfect for lowmaintenance outdoor living. The location is truly unbeatable. Leave the car behind and walk to the vibrant Terrace shopping strip, local parklands, and the pristine sands of Ocean Grove Beach. Whether you are looking for a first home, a savvy investment, or a highdemand short-term holiday rental, this property is a solid, no-nonsense choice in a premier coastal pocket.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Parking
1
Land Area
136 m²
Listed
3 months ago

Repayment calculator

$3,260/month
$1,630 /fortnight
Loan $538,000 at 6.10% over 30 years

Upfront costs

Deposit$134,500
Stamp duty$35,420
Conveyancing (est.)$2,000
Total upfront$171,920
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.

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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 53% below the $1.45m median of 73 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 Shops/The Terrace (bus)158 m away
  • Discount2.2 km away
  • Unnamed698 m away
  • Arthur Powell Reserve708 m away
  • Begola Wetlands789 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 · Unit 2 bed

Compound growth +3.1% / yr over 4 yrs

$685kcurrent median

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Price history

Price history

Listing price changes

1 price change recorded for this property

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