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53 Lake Avenue, Ocean Grove$1.34m
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For Salehouse

53 Lake Avenue

Ocean Grove, VIC 3226, Australia
$1.29m – $1.40m
4 bed 2 bath 1 car604 m²

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Listing description

About this property

From its coveted position directly fronting the glassy waters of Blue Waters Lake, this recently enhanced fourbedroom home offers spectacular views and a rare chance to secure one of Old Ocean Grove's most esteemed addresses. Uniting classic character with a uniquely tranquil waterfront lifestyle, this split-level classic pairs enduring charm with a sun-lit northern aspect that frames the surrounding natural beauty at every opportunity. Preserving its original charm, the home's slate flooring, exposed beams, and feature brickwork create a warm, earthy ambience, complemented by high pitched ceilings that invite abundant natural light. Designed to draw in the mesmerising water views, the expansive living zone flows to a recently updated kitchendining area appointed with Westinghouse cooking appliances and an Asko dishwasher for refined practicality. Along the rear hallway, four wellsized bedrooms provide generous family accommodation, with the junior rooms fitted with builtin robes. The nearnew main suite elevates everyday comfort with a fitted walkin robe and a sparkling ensuite featuring fullheight tiling, a walkin shower, and a stonetopped vanity. The undisputed highlight of this residence is the magnificent undercover alfresco deck, complete with a wellequipped outdoor kitchen and lowerlevel seating platform, all oriented to ensure the breathtaking views take centre stage. Whether hosting family and friends or simply soaking up the serenity, this sublime sanctuary delivers a true frontrow experience to the everchanging beauty of the lake. Enhanced by ducted heating, splitsystem airconditioning, a single lockup garage and generous driveway parking, this residence claims a highly coveted position with direct access to lakeside walking paths, moments from the Barwon River, and a leisurely stroll to Ocean Grove's vibrant heart.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
4
Bathrooms
2
Parking
1
Land Area
604 m²
Listed
2 months ago

Repayment calculator

$6,521/month
$3,260 /fortnight
Loan $1,076,000 at 6.10% over 30 years

Upfront costs

Deposit$269,000
Stamp duty$73,975
Conveyancing (est.)$2,000
Total upfront$344,975
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 4-bedroom house in Ocean Grove, VIC 3226 sits within reach of public transport, local shops and nearby schools. It is listed 3% above the $1.30m median of 69 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

  • Asbury St West/Presidents Ave (bus)1.1 km away
  • 7-Eleven2.6 km away
  • Arthur Powell Reserve1.8 km away
  • Unnamed2.1 km away
  • Begola Wetlands2.3 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.

Due diligence

Property Report

Public Transport

Complete

Nearby stops

10

within 1.5 km

Nearest stop

1.1 km

Asbury St West/Presidents Ave

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Bus

10 public transport stops found within 1.5km (via OpenStreetMap). Nearest: Asbury St West/Presidents Ave (1.1km).

Transit near this property

Loading map…
500m1km1.5km2kmAsbury St West/Presidents Ave — 1.1 kmUnnamed stop — 1.1 kmSandpiper Ct/Presidents Ave — 1.1 kmUnnamed stop — 1.1 kmOcean Grove Park/Draper St — 1.1 kmUnnamed stop — 1.2 kmUnnamed stop — 1.2 kmThacker St/Presidents Ave — 1.2 kmOcean Grove Shops/The Terrace — 1.5 kmThe Avenue/Eggleston St — 1.5 km

Distance from this property is exact (rings = km). Direction is illustrative.

Asbury St West/Presidents Ave

Bus

1.1 km

Unnamed stop

Bus

1.1 km

Sandpiper Ct/Presidents Ave

Bus

1.1 km

Unnamed stop

Bus

1.1 km

Ocean Grove Park/Draper St

Bus

1.1 km

Unnamed stop

Bus

1.2 km

Unnamed stop

Bus

1.2 km

Thacker St/Presidents Ave

Bus

1.2 km

Ocean Grove Shops/The Terrace

Bus

1.5 km

The Avenue/Eggleston St

Bus

1.5 km
Source: OpenStreetMap (fallback)08/06/2026
Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

Suburb market

Suburb price trend

Ocean Grove price trend

Median sold · House 4 bed

Compound growth -3.1% / yr over 4 yrs

$1.10mcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Ocean Grove market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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Within 5km

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