86 Field Street North, Ocean Grove, Vic 3226

Set on a generous 627sqm (approx.) allotment in an exceptionally convenient Ocean Grove location, this is an opportunity defined by three things — position, land and potential.

The existing three-bedroom home is ready for a significant renovation or complete rebuild, giving buyers the freedom to create a home that truly takes advantage of this outstanding address.

For those looking to start again, the block offers an exciting foundation for a contemporary coastal residence, with plenty of space to design around generous indoor-outdoor living, landscaped gardens and a substantial backyard (STCA). Alternatively, experienced renovators may see the potential to completely transform the existing home and give it a new lease on life.

What really sets this property apart is the location.

Positioned in a highly walkable pocket of Ocean Grove, everyday life can happen largely on foot. Shops, cafes, schools, sporting facilities, the Bowling Club and the beach are all within easy reach, creating the kind of lifestyle that is increasingly difficult to find.

Morning coffee, school drop-off, weekend sport, dinner in town or an afternoon at the beach can all become part of the daily rhythm without needing to rely on the car.

For families, it offers the opportunity to build a long-term home in a central and established neighbourhood. For downsizers, it is a chance to create something purpose-built close to everything. For builders, renovators and investors, the combination of land size and location provides genuine scope to add value.

Surrounded by a mix of established homes, substantial renovations and quality new builds, the property sits within a part of Ocean Grove that continues to evolve while retaining its relaxed coastal character.

With a substantial 627sqm allotment, an existing dwelling ready for its next chapter and a location that puts so much of Ocean Grove within walking distance, this is an increasingly rare opportunity to secure land in the heart of town and create something special.

Key Features

- Generous 627sqm (approx.) allotment
- Prime knockdown and rebuild opportunity (STCA)
- Existing three-bedroom home requiring significant renovation
- Excellent scope for a substantial new coastal residence
- Highly walkable central Ocean Grove location
- Walk to shops, cafes, schools, sporting facilities and the beach
- Established neighbourhood surrounded by quality homes and new builds
- Ideal opportunity for builders, renovators, families and downsizers
- Outstanding long-term potential in one of Ocean Grove’s most convenient pockets