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71 Aldebaran Road, Ocean Grove VIC 3226

$700,000-$750,000

Search Band Search Visibility Band

$700k - $750k High Confidence Calculated based on strong search observations.

House 4 Beds 1 Bath 1 Car 585 m²

Listed: 2 days ago

Updated: 19 minutes ago

Overview

This property presents a notable opportunity in the sought-after coastal locale of Ocean Grove, situated on a generous 585 square metres parcel providing both scope and privacy. The home is a work in progress, offering a practical two-level layout that acts as a blank canvas for buyers looking to bring their vision to life through renovation, extension or modernization. Such flexibility is ideal for those who want to tailor a home specifically to their personal tastes and requirements.

The straightforward design of the residence underscores its potential, allowing prospective owners to focus on value-adding improvements while enjoying the comfort of its existing functional floorplan. An appealing element of the home is the balcony, which captures scenic ocean views and provides a tranquil setting to relax or entertain.

Outdoor space is extensive, offering an inviting environment for landscaping projects, creation of entertaining areas or the addition of sheds and other structures, subject to council approval. This versatility makes the property particularly attractive to those seeking a lifestyle aligned with coastal living without the premium price tag often found in the area.

Location is a key highlight, with easy access to local amenities including shops, schools, parks, sporting facilities, and the vibrant town centre of Ocean Grove. The proximity to beautiful beaches and coastal walking tracks enhances the lifestyle appeal, supported by an array of cafés and restaurants nearby that enrich the social and dining experience.

Investors may find the opportunity to build equity attractive given the strong demand in the market, while owner-occupiers will appreciate the chance to enter this competitive area affordably and create a bespoke family home. The inclusion of four bedrooms accommodates families or those needing extra space for work-from-home arrangements.

With only one bathroom and a single parking space, the property might best suit smaller families or couples looking for a project with long-term prospects. Overall, 71 Aldebaran Road offers remarkable potential as a coastal foothold in a premium location, marrying lifestyle advantages with value and future growth.

Local Market Insights

In Ocean Grove, Quiet Listings observed 37 new houses entering the market over the last 30 days, up from 27 during the previous 30-day period, with an average advertised asking price of $1,117,973. The property type mix of listed properties is predominantly Houses at 64%, followed by land (31%), and units (2%). The most active agency for houses in the Ocean Grove area is currently Fletcher's Real Estate Wollongong, representing 35% of new listings, followed by RT Edgar with 30%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.