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5/103-105 The Terrace

Ocean Grove, VIC 3226

5/103-105 The Terrace - Image 1
5/103-105 The Terrace - Image 2
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5/103-105 The Terrace - Image 5

$650,000-$695,000

2
1
1
136m²
Apartment / Unit / FlatFor SaleRESIDENTIAL

Coastal Potential in a Blue-Chip Location

Description

Perfectly positioned at 5/103-105 The Terrace, Ocean Grove, this two-bedroom unit offers a rare, entry-level opening into the absolute heart of the coastal town. Set on a manageable 136m², the home is the definition of a "blank canvas"-neat, functional, and ready for you to move in now while you map out your own future improvements. The exterior of the unit immediately catches the eye with classic retro-look awnings fitted on all windows, providing both character and practical shade that fits perfectly with the seaside vibe. An east-facing front door ensures you capture beautiful morning sun, while the main living area stays comfortable year-round thanks to a dedicated split system for heating and cooling. The kitchen is straightforward and practical, allowing you to finish the installation to your own taste; there is a plumbed corner space perfectly suited for a European-style laundry. While the home remains basic and honest, the bathroom has been tastefully updated with encaustic-look tiles, adding a subtle touch of style to the practical design. Both bedrooms are surprisingly large, offering a sense of space often missing in modern units. Security is a breeze with a single carport at the front featuring an electric secure roller door. Crucially, the thoughtful design includes extra space at the rear of the carport, providing an ideal spot for a small workshop, secure storage for boards, bikes, or tools. This leads directly to the private west-facing courtyard, which becomes a sun-drenched sanctuary in the afternoons, perfect for lowmaintenance outdoor living. The location is truly unbeatable. Leave the car behind and walk to the vibrant Terrace shopping strip, local parklands, and the pristine sands of Ocean Grove Beach. Whether you are looking for a first home, a savvy investment, or a highdemand short-term holiday rental, this property is a solid, no-nonsense choice in a premier coastal pocket.

Property Details

Land Size

136 m²

Property Type

Apartment / Unit / Flat

Listing Type

RESIDENTIAL

Ocean Grove by the numbers

Official published figures for the suburb, shown as their own dated facts — not combined into a score.

House median sale price

$900,000

2025-Q4

Unit median sale price

$740,000

2025-Q4

Places to eat within walking distance

13 within about 1.2km. A few of them — listed by distance, not by how good they are.

Ocean Grove Pizza and Pasta · Parade Espresso Bar · The Driftwood Café · Chang Noi Thai · The Dill · King Koi Sushi Bar & Restaurant · Ming Terrace · Betty Blue Coffee Van

Source: Victorian Property Sales Report © State of Victoria (Department of Transport and Planning), CC BY 4.0 · © OpenStreetMap contributors (ODbL)

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Where this home sits

Zoned government primary
Ocean Grove Primary School
Zoned government secondary
Bellarine Secondary College

Zones are the government school zones published by each state. Confirm with the school before relying on them.

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