16 Lady Earl Cres, Ocean Grove VIC 3226
16 Lady Earl Cres, Ocean Grove VIC 3226
Modern coastal build | Four-bed family layout | North-facing yard | Low-maintenance block | Quiet street pocket
This is a competitively strong family property for Ocean Grove, offering a newly constructed single-level layout that is increasingly rare in established coastal pockets. The four-bedroom configuration with separate accommodation wing suits families with older children or those hosting guests regularly, while the second living area adds everyday flexibility. The north-facing rear yard and covered alfresco are practical advantages for indoor-outdoor living, and the low-maintenance landscaping reduces ongoing upkeep. The property sits comfortably within the suburb’s newer estate character, where modern finishes and efficient planning are expected rather than exceptional. It is best suited to owner-occupiers seeking a turnkey home near schools and recreation, though downsizers may also find the single-level design and manageable land size appealing.
The 420 sqm block is functional rather than generous, which may limit future extension potential or appeal to buyers wanting substantial outdoor space. The modern fitout and contemporary presentation should hold value well in this pocket, but the property’s price position will depend on how buyers weigh the compact land against the quality of the build. The bushfire overlay affecting nearby lots may be a consideration for insurance costs, though it does not appear to diminish the area’s desirability. Rental demand for four-bedroom family homes is steady, but yields are moderate given current price levels, so investor buyers should temper income expectations. The car-dependent location is typical for the suburb and unlikely to deter the target family buyer.
|| Comparable Sales: 19 Lady Earl Cres sold in similar range; 1 Lady Earl Cres transacted near $840k | Property Price Band: $850k–$950k | Value Drivers: new build condition, north-facing orientation, single-level family layout
Detailed Independent Property Report prepared by PropCred Analyst team for 16 Lady Earl Cres, Ocean Grove VIC 3226
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
1
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: 19 Lady Earl Cres sold in similar range; 1 Lady Earl Cres transacted near $840k | Property Price Band: $850k–$950k | Value Drivers: new build condition, north-facing orientation, single-level family layout
Bedrooms
4
Bathroom
2
Parking
2
Land
420m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!