16 Belvedere Terrace, Ocean Grove VIC 3226

16 Belvedere Terrace, Ocean Grove VIC 3226
3-bed family home | large 600mยฒ+ coastal block | quiet court setting | near beach and shops This property presents a strong buying case for families seeking a generous land holding in a coastal setting, where the 600mยฒ block is substantially larger than the nearby 319mยฒ comparable. The quiet court location and single-level brick veneer design with garden outlooks offer practical family living, while the walk-in robe to the main bedroom and built-in robes throughout provide storage advantages. The positioning near Ocean Grove Marketplace and Collendina Beach gives it lifestyle appeal, and the larger allotment represents a rare configuration edge in this market, best suited to buyers who value outdoor space and a low-traffic environment. The primary risk is the single bathroom, which may limit appeal for larger families or future resale, and the 2011 last sale date provides no recent price evidence. However, the opportunity lies in the land size differential, where the block is nearly double that of the nearby comparable, offering potential for future extension or subdivision subject to council approval. The quiet court setting reduces traffic risk, and the established residential character supports stable demand.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 16 Belvedere Terrace, Ocean Grove VIC 3226
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Market Insight:

Ocean Grove presents as a mature coastal community, with demand anchored by established owner-occupiers, particularly downsizers and childless couples seeking a lifestyle. Recent market conditions show a divergence, with house prices experiencing a softening trend while the unit segment demonstrates resilience with modest growth. Future prospects are tied to its appeal as a primary coastal hub, though sensitivity to broader economic conditions and its established, lower-turnover demographic profile present inherent market constraints.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

600mยฒ

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