11 Belvedere Terrace, Ocean Grove VIC 3226
11 Belvedere Terrace, Ocean Grove VIC 3226
3 bedrooms each with own bathroom | single-level on 648m² | reserve-edge cul-de-sac privacy | flexible fourth room | beach-ready outdoor shower
This property stands out for its rare configuration—three full bathrooms in a single-level family house is uncommon in Ocean Grove, where most comparable homes offer one or two. The reserve-adjacent cul-de-sac position delivers genuine tranquillity and a treetop outlook that many coastal listings lack, while the flexible second living area or fourth bedroom broadens its appeal to families, downsizers, and multi-generational households alike. The established gardens, rear deck, and outdoor shower tie the home neatly to the beach lifestyle without sacrificing everyday practicality.
The 648m² allotment offers meaningful outdoor space, yet the single garage may feel modest for a house of this size, particularly for buyers with multiple vehicles or trailers. The gently elevated setting and sea breezes are pleasant, but the absence of direct water views means value rests on the quality of the internal finishes and the privacy of the position. The updated and extended nature of the dwelling suggests recent investment, though the original structure’s age could influence maintenance expectations. Buyers should weigh the bathroom count against the car accommodation when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Belvedere Terrace, Ocean Grove VIC 3226
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
URL has been copied successfully!
Market Insight
Ocean Grove, the Bellarine Peninsula’s largest town east of the Barwon River mouth, is a mature, mostly owner-occupied market: 78.5% of homes are held by owners, and the dominant cohort is childless couples aged 60–69 carrying mortgages of $1,800–$2,399 monthly. That demographic anchors demand for low-maintenance, well-located housing. House prices have softened over the past year, with medians ranging from $925,000 to $950,000 and annual declines between 2.1% and 5.0% depending on the series. Units have moved counter-cyclically, rising 2.7% to 5.9% to a median near $770,000–$789,000. Houses sit on the market for a median 60 days, with annual sales volume between roughly 357 and 395. Rental returns remain modest: house yields around 3.11% with median weekly rent of $600; units yield 3.26%–3.8% on rents of $523–$530. Future growth hinges on the town’s coastal amenity and existing infrastructure, but affordability constraints, a soft house segment, and rate-sensitive mortgage holders temper upside.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 16 Belvedere Terrace sold at $780,000; 3 Belvedere Terrace sold at $1.4M | Property Price Band: $800K–$900K | Value Drivers: three-bathroom layout, reserve-edge land, single-level condition
Bedrooms
3
Bathroom
3
Parking
1
Land
648m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!