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Back 40 Lake Avenue
Off Market

40 Lake Avenue

Ocean Grove VIC 3226

3
1
2
604 m²
House
Last sold for $865,000
Mark BlaskovicMark Blaskovic, last sold this property on 05 March 2026 after 167 days on market.

Overview

Old Ocean Grove Living Begins Here!

Here's your chance to secure a solid, well-established home in the highly coveted Old Ocean Grove precinct. Set on a generous 604m² block, this classic brick veneer residence offers endless opportunity-renovate to your style, re-develop, or simply move in and enjoy the lifestyle. From the moment you arrive, you're welcomed by a timber-decked veranda overlooking the lush front yard and exclusive Blue Waters Lake Park. Inside, the formal living zone exudes warmth with an open fireplace and timeless north facing bay windows, flowing to a casual lounge with electric heating, cooling and ceiling fan. The updated kitchen is both stylish and practical, featuring a brand-new electric oven and stovetop, near-new dishwasher, and a casual meals area framed by charming bay windows and traditional terracotta tiles. Accommodation includes three generous bedrooms with brand-new carpet and built-in robes, serviced by a neat main bathroom and separate toilet. Outdoors, the spacious undercover alfresco is perfect for summer BBQs and entertaining, while the rear yard-with garden shed-offers scope to expand the home, add a pool (STCA), or simply enjoy as is. A double lock-up garage with single drive-through access, plus ample space for a boat or caravan, adds to the appeal. Lifestyle is at your doorstep: stroll to Blue Waters Lake, local parklands, and playgrounds; wander to the Barwon River past the beloved Groove Café and Ocean Grove Golf Club; or enjoy zoning to the sought-after Ocean Grove Primary School. Shops, schools, and the beach precinct are all within easy reach. Opportunities in Old Ocean Grove at this price are rare-this is your chance to secure a timeless home in a tightly held location.

Features

3 bedrooms
1 bathroom
2 carspaces
2 garage spaces
604 m² lot size
House

Estimated Value

Based on this property and similar 3 bedroom houses sold in Ocean Grove over the last 12 months, the estimated median property value of 40 Lake Avenue is $845k.

Median value
$845k
Estimated value range
$695k - $1.55m
Median days on market
47
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Ocean Grove. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 40 Lake Avenue

2026
Sold
$865,000
05 Mar 2026 by Mark Blaskovic, of Ocean Grove Real Estate

Happy sellers in Ocean Grove

81%
81% of sellers in Ocean Grove reported that their sale price either exceeded or met their price expectations.

Ocean Grove stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 25 reviews in Ocean Grove over the last 12 months.

Local market activity for 3 bedroom houses in Ocean Grove

In the last 12 months, 102 three-bedroom houses similar to 40 Lake Avenue, have been sold.

This represents a 8% increase in three-bedroom houses sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Ocean Grove

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Harley Lewis

Harley Lewis is an award winning recommended agent for Ocean Grove.  They have 16 local sales and collected 9 local reviews across the last 12 months.

  •   5   (24 reviews)
  •  9 Reviews in Ocean Grove
  •  16 Sales in Ocean Grove
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Lynley Bassett

Lynley Bassett is a recommended agent for Ocean Grove.  They have 19 local sales and collected 8 local reviews across the last 12 months.

  •   4.9   (253 reviews)
  •  8 Reviews in Ocean Grove
  •  19 Sales in Ocean Grove
View profile
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Penny Dawson

Penny Dawson is an award winning recommended agent for Ocean Grove.  They have 15 local sales and collected 6 local reviews across the last 12 months.

  •   4.9   (157 reviews)
  •  6 Reviews in Ocean Grove
  •  15 Sales in Ocean Grove
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Hugh McKewan

Hugh McKewan is a recommended agent for Ocean Grove.  They have 16 local sales and collected 5 local reviews across the last 12 months.

  •   4.9   (143 reviews)
  •  5 Reviews in Ocean Grove
  •  16 Sales in Ocean Grove
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