5/103-105 The Terrace
Ocean Grove, VIC 3226
$650,000-$695,000
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
136 m²
Apartment / Unit / Flat
RESIDENTIAL
What's Nearby
Elite Taekwondo Ocean G
The Terrace, Ocean Grove
Ocean Grove Library
Presidents Ave, Ocean Grove
Geelong Regional Libraries
The Avenue, Ocean Grove
Ocean Grove Tennis Club
Madeley St, Ocean Grove
Ocean Grove Park
Madeley St, Ocean Grove
Ocean Grove Main Beach
Ocean Grove
Riverview Family Caravan Park
Barwon Heads-Ocean Grove Rd, Ocean Grove
Ocean Grove Toy Library
Shell Rd, Ocean Grove
GKR Karate
John Dory Dr, Ocean Grove
Upcoming Events Nearby
Nearby Schools
Ocean Grove Primary School
Draper Street, Ocean Grove VIC 3226 Australia
Our Lady Star of the Sea Catholic Primary School - Ocean Grove
13 - 29 John Dory Drive, Ocean Grove VIC 3226 Australia
Surfside Primary School
31-65 John Dory Drive, Ocean Grove VIC 3226 Australia
Barwon Heads Primary School
Golf Links Road, Barwon Heads VIC 3227 Australia
Wallington Primary School
608-610 Wallington Road, Wallington VIC 3222, Australia
Point Lonsdale Primary School
22 Bowen Road, Point Lonsdale VIC 3225 Australia
Nearby Properties
$1,900,000 - $1,995,000
Townhouse
$1,900,000 - $1,995,000
1/102 The Terrace
Ocean Grove, VIC, 3226
$700,000 - $750,000
Apartment / Unit / Flat
$700,000 - $750,000
8/100 The Parade
Ocean Grove, VIC, 3226
$749,075 - $823,982
Apartment / Unit / Flat
$750,000 - $820,000
10/100 The Parade
Ocean Grove, VIC, 3226
$1,690,000 - $1,790,000
House
$1,690,000-$1,790,000
117 The Terrace
Ocean Grove, VIC, 3226
$4,664,500 - $5,130,950
House
$4,800,000 - $5,000,000
107 Orton Street
Ocean Grove, VIC, 3226
$750,000
House
$740,000-$775,000
1/125 The Parade
Ocean Grove, VIC, 3226
$1,075,000 - $1,175,000
Apartment / Unit / Flat
SOLD - $1,050,000
2/78 The Terrace
Ocean Grove, VIC, 3226
$2,200,000
House
$2,200,000-$2,400,000
83 Dare Street
Ocean Grove, VIC, 3226
$1,300,000 - $1,400,000
House
$1,300,00-$1,400,000
7 Hodgson Street
Ocean Grove, VIC, 3226
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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