Real Estate

land size and location attract two bidders to ocean grove house

Written by The ReReport

44 Powell St West, Ocean Grove sold under the hammer.

TWO parties bid for a california bungalow-style house in Ocean Grove at auction pushing the price above the reserve.
The four-bedroom house at 44 Powell St West sold for $12,000 above reserve for $942,000.
RT Edgar, Ocean Grove agent Brock Grainger said there were a few other buyers in the crowd but they were not at the same level as the two that bid.

44 Powell St West, Ocean GroveThe open-plan living area flows out to a covered outdoor entertainment area.

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“The buyers are from Melbourne and they plan to initially use it as a holiday house with a view to move down in a few years time,” Mr Grainger said.
“They were attracted to the style of the house and because it was on a large block close to town.”

44 Powell St West, Ocean GroveThere are two separate living areas in the house.

44 Powell St West, Ocean GroveThe inviting backyard.

The large house is on 850sq m of land and is walking distance to the beach, river and shops.
Four bedrooms are positioned off a hallway while the open-plan living area connects to a covered outdoor entertainment area. There is also a second loungeroom.

The property last sold for $790,000 in 2014, according to CoreLogic.
Data shows the median house price in Ocean Grove has increased 12.8 per cent in the past year to $665,500.

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