3 Parkside Boulevard, Ocean Grove VIC 3226

3 Parkside Boulevard, Ocean Grove VIC 3226
Modern 3-bed coastal design | Single-level on 522m² | Parkside wetlands outlook | Built 2011 This property presents a competitively strong offering due to its specific configuration and positioning. A single-level, modern house on a full-sized block is a rarer commodity in coastal suburbs, appealing directly to downsizers or families seeking low-maintenance living without compromising space. Its privileged parkside address overlooking conserved wetlands provides a permanent aspect and amenity that cannot be replicated, insulating its appeal from more standard suburban lots. This house best serves a buyer seeking a permanent lifestyle purchase with a blend of contemporary comfort and established gardens. The decision hinges on the premium for its position. The primary risk is overpaying for the wetlands view without recent, precise comparable sales to anchor its current market value. The opportunity lies in securing a well-located, modern property on a substantial lot—a combination that typically demonstrates resilient capital growth. Acquire this as a long-term hold; its configuration and land size will sustain demand in a market increasingly dense with smaller lots.

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.

PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

521m²

Built

Recent Assessments