14B Lorikeet Close, Ocean Grove VIC 3226

Quiet cul-de-sac townhouse | Four bedrooms over two levels | 286sqm building on 338sqm land | Strong school zoning and no risk overlays This townhouse offers a rare configuration in Ocean Grove: a full four-bedroom, two-bathroom layout across two levels with a building area of 286 square metres, which is unusually generous for a townhouse in this price band. The 338-square-metre land parcel, combined with the absence of bushfire, flood, or heritage overlays, reduces holding risk and improves mortgageability. For a family or downsizer seeking a lock-and-leave property with genuine separation of living and sleeping zones, this floor plan is competitively positioned against detached houses in the same suburb that would cost 20–30 percent more. The dual living areas and double garage add functional depth that most new townhouse stock in the area lacks. The primary risk is the rental yield, which at an estimated $605 per week against a $1 million-plus price point produces a gross return of roughly 3.0–3.1 percent — below the Ocean Grove average and a clear signal this is best held as a owner-occupied home rather than an investment. The NBN FTTB connection is adequate but not a value driver. The buyer should verify body corporate fees and any sinking fund obligations, as these are not disclosed in the listing data. For a purchaser who values space, school zoning, and a low-risk physical setting, this townhouse should be held as a primary residence for at least five years to absorb transaction costs and benefit from the Bellarine Peninsula’s steady capital growth trajectory.