For Sale

71 Aldebaran Road, Ocean Grove, Vic 3226

$700,000-$750,000

House

Type

Bedrooms

Bathrooms

Parkings

585 m²

Area

Published on Monday, October 19, 2026 ( See property details for 71 Aldebaran Road, Ocean Grove, Vic 3226)

$700,000-$750,000

View the agent price guide.

Hugh McKewan Director / Licenced Estate Agent

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile coastal property in Ocean Grove offering ocean views, a spacious outdoor area, and exciting renovation potential for buyers seeking a blank canvas in a highly desirable location.

🏡 Property Highlights

Ocean views from the balcony offering coastal living appeal
Generous 585 m² allotment with expansive outdoor space
Ideal renovation project with a practical two-level layout
Prime location close to beaches, shops, and amenities
Opportunity for first-home buyers, investors, or renovators
Potential to personalise and add value in a sought-after community

✨ Key Features

Outdoor Area
Balcony
Open-Plan Living
Built in robes
Waterfront / Views
Garage / Secure Parking
Fully fenced
Pet-Friendly
Floorboards
Security Screens / Gates

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71 Aldebaran Road

Ocean Grove, VIC 3226

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Aerial and oblique imagery reveals the full picture — roof condition, solar panels, pool, setbacks, neighbouring structures, street access, and surrounding land use. Essential due diligence for buyers negotiating price and investors assessing yield potential.

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Suburb and Property Insights of Ocean Grove, VIC 3226

Ocean Grove is a highly sought-after coastal community renowned for its stunning beaches, relaxed lifestyle, and vibrant town centre. Residents enjoy easy access to coastal walking tracks, cafes, and recreational facilities, making it ideal for families, retirees, and investors alike. The area offers a strong sense of community, excellent amenities, and a market known for consistent demand and growth potential.

Frequently Asked Questions

What is the condition of the property and what renovations are needed?

The property is a work in progress with a practical layout, offering a blank canvas for updates, extensions, or personalisation to suit your needs.

What are the potential uses of the outdoor space?

The expansive outdoor area provides scope for landscaping, entertaining areas, shedding, or additional enhancements subject to council approval (STCA).

How close is the property to local amenities and beaches?

The property is conveniently located near shops, schools, parks, sporting facilities, and the vibrant Ocean Grove town centre, with beautiful beaches and coastal walking tracks within easy reach.

Is this property suitable for investment purposes?

Yes, the property offers an opportunity to add value and build equity in a market known for strong buyer demand, making it an attractive investment.

What features are included to enhance coastal living?

Features such as ocean views from the balcony, a spacious outdoor area, and a practical layout contribute to a relaxed coastal lifestyle.

What to ask about this property to agent?

Are there any planning or zoning restrictions that could affect future extensions or renovations? Has the property been inspected for structural issues or defects? Are there any easements, covenants, or restrictions on the land? What are the council rates and any additional costs associated with the property? Is there any history of flooding or bushfire risk in this area? Are there any upcoming developments or construction projects nearby that could impact the property? What is the age and condition of the existing infrastructure, including the roof and foundations? Are there any existing warranties or guarantees on the property or its features? Is the property compliant with current building codes and regulations? Are there any strata or community title considerations, if applicable?

71 Aldebaran Road, Ocean Grove, Vic 3226 - More Details

$700,000-$750,000

An outstanding opportunity for renovators, first-home buyers or those seeking an affordable coastal foothold with ocean views and plenty of potential.
Set on a generous allotment, this work in progress offers a practical two-level layout and a blank canvas ready for transformation. Whether you're looking to complete the current works, update, extend, or simply add your own personal style, the possibilities here are immediate and exciting. The home's straightforward design provides a solid foundation for future improvements, while the expansive outdoor space offers scope for landscaping, entertaining areas, shedding, or additional enhancements (STCA).
Inside, the functional floorplan provides comfortable accommodation while offering numerous opportunities to modernise and maximise value over time. A balcony adds further appeal and a place to enjoy the ocean views. For buyers with vision, this is the chance to secure a property in a sought-after coastal community without the premium price tag often associated with Ocean Grove.
The location is another standout feature. Enjoy easy access to local shops, schools, parks, sporting facilities, and the vibrant Ocean Grove town centre. Beautiful beaches, coastal walking tracks, cafés, and restaurants are all within easy reach, allowing you to embrace the relaxed Bellarine Peninsula lifestyle that continues to attract buyers from across Victoria.
For investors, the property presents an opportunity to add value and build equity in a market renowned for strong buyer demand. For owner-occupiers, it's a chance to create a home tailored specifically to your needs and tastes.
Affordable opportunities in Ocean Grove are becoming increasingly scarce. Whether you're entering the market, seeking a rewarding renovation project, or looking to expand your investment portfolio, 71 Aldebaran Road represents exceptional potential in a highly desirable coastal location.
Don't miss your chance to secure this value-packed property and unlock all it has to offer. Inspection is highly recommended.

Type: House
Bedrooms: 4
Bathrooms: 1
Parkings: 1
Area: 585 m²

Price guide

View Statement Of Information

in compliance with Estate Agents Act 1980

Map & nearby places — 71 Aldebaran Road, Ocean Grove, Vic 3226

Explore 71 Aldebaran Road, Ocean Grove, Vic 3226 in 3D

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Costs and returns

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School catchments

Government school zones this property is inside, from the outlines we hold. A zone can change, and being in a zone is not a guarantee of a place, so check with the school or the education department.

Bellarine Secondary College Zone Government secondary school, 7-12, co-ed

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Hugh McKewan

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71 Aldebaran Road, Ocean Grove, Vic 3226

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