For sale
House • 9mo
$950,000 - $990,000
Within Budget5 Madeley Street, Ocean Grove, VIC, 3226, Australia
2
1
1
834 m²
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About this Property
Located in a highly sought-after area of Ocean Grove, this properties position offers the best of coastal living, though the house itself is in bit of a state. Just a short walk from Ocean Grove Primary School, The Terrace shopping strip, and the popular Ocean Grove Main Beach, it offers incredible convenience for both lifestyle and practicality.
Set on a large 833 square meter block, the property features a north-facing backyard, which provides ample sunlight and space for outdoor living. The established, quiet neighbourhood ensures privacy, while still being close to all essential amenities. While the current house needs significant repair, the sizable block offers the perfect opportunity to redevelop.
With its generous size and location, the property has great potential for redevelopment into two townhouses (STCA) or a luxury home. Whether you're looking to create your ideal coastal retreat or capitalize on the demand for modern, low-maintenance homes, this property offers a prime canvas for redevelopment.
The house itself, with two bedrooms, one bathroom, and a single-car garage, is in a state of disrepair and requires substantial work. However, with a keen eye for vision and development, this property could be transformed into two stylish townhouses, making it an excellent investment in the thriving Ocean Grove market.
With properties in such a prime location rarely available, this opportunity won't last long. Whether you choose to renovate, redevelop, or rent out, this property offers endless potential.
Set on a large 833 square meter block, the property features a north-facing backyard, which provides ample sunlight and space for outdoor living. The established, quiet neighbourhood ensures privacy, while still being close to all essential amenities. While the current house needs significant repair, the sizable block offers the perfect opportunity to redevelop.
With its generous size and location, the property has great potential for redevelopment into two townhouses (STCA) or a luxury home. Whether you're looking to create your ideal coastal retreat or capitalize on the demand for modern, low-maintenance homes, this property offers a prime canvas for redevelopment.
The house itself, with two bedrooms, one bathroom, and a single-car garage, is in a state of disrepair and requires substantial work. However, with a keen eye for vision and development, this property could be transformed into two stylish townhouses, making it an excellent investment in the thriving Ocean Grove market.
With properties in such a prime location rarely available, this opportunity won't last long. Whether you choose to renovate, redevelop, or rent out, this property offers endless potential.
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Buying as an investment property?
We can advance 2 years of rental income upfront.
On any investment property
Investors can receive up to $10,000^ in 48 hours
^estimated from $0/week rent* over 2 years
No banks. No loans. No drama.
Apply in 2 mins & confirm eligibility in 24 hrs
No impact to your credit score
This is not a home loan and not credit
Only pay back when rent is received
* Estimated based on 4% annual rental yield and a $0 property value. Weekly rent estimated at $0 ($0 ÷ 365 x 7 days). Prepayment capped at $100,000. Subject to approval.
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More Details on 5 Madeley Street, Ocean Grove VIC
How many bedrooms and bathrooms does 5 Madeley Street, Ocean Grove have?
5 Madeley Street, Ocean Grove is a 2 bedroom , 1 bathroom house.
Who is the agency that listed 5 Madeley Street, Ocean Grove?
The agency who listed 5 Madeley Street, Ocean Grove is Hayden Real Estate Leopold - you can contact the agents here.
How many car spots does 5 Madeley Street, Ocean Grove have?
5 Madeley Street, Ocean Grove is a 1 car spot home.
How much is 5 Madeley Street, Ocean Grove?
The price of 5 Madeley Street, Ocean Grove is $950,000 - $990,000 - contact the agents to find out more.