40 Madeley Street, Ocean Grove VIC 3226

3 bed townhouse on 461m²| Built 2002| Retiree appeal| Low maintenance lot This three-bedroom townhouse on a 461sqm block suits retirees or downsizers seeking a low-maintenance coastal base with easy access to schools and beaches. Its modest land size delivers practical living space without the demands of larger blocks, ideal for those prioritising comfort over expansion. Built in 2002, the property aligns with established street patterns where similar townhouses offer reliable holding value amid Ocean Grove’s steady retiree influx. Single bathroom and two car spaces position it squarely for buyers avoiding family-scale upkeep, fitting neatly among neighbouring homes of comparable footprint. In a pet-friendly neighbourhood with no overlays complicating use, it supports straightforward residential enjoyment year-round. Properties like this tend to attract older demographics- around 39% over 60 locally- who value ducted systems and solar additions for long-term efficiency. Market behaviour shows these hold firm against broader fluctuations, buoyed by proximity to parks and NBN connectivity. The courtyard and shed enhance everyday utility, appealing to holders planning extended stays rather than quick flips. Overall, its unpretentious setup promises enduring appeal in a market favouring serene, self-contained options.