63 Marlin Drive, Ocean Grove VIC 3226

Large block Ocean Grove | character 3/1 home | renovation or extension upside | no overlays This property presents a strong buying case for those seeking a land-rich position in Ocean Grove. The 824m² parcel with only 24% building coverage is the primary competitive advantage, offering rare scope to renovate, extend, or potentially add a second storey—subject to council approval. The absence of bushfire, flood, or heritage overlayers simplifies planning risk, while the beachside location and school zoning underpin long-term owner-occupier appeal. It best suits a buyer prepared to invest in improvement rather than seeking a move-in-ready home. The main risk is the older 3/1 configuration, which means value is weighted heavily toward the land. Thorough verification of internal condition, title easements, and council rules for extensions or demolition is essential before proceeding. The opportunity lies in the potential to create significant equity through renovation or redevelopment, and the property’s positioning in a street with strong recent comparable values supports that upside. Rental demand from the area also provides a fallback if improvement is deferred.