SoldAug 5, 2026

5 Madeley Street, Ocean Grove, VIC, 3226

$790,000

2
1
1
834 m²

House

30+ days on the market

Sold: Aug 5, 2026

What's around 5 Madeley Street

Rare Opportunity in Ocean Grove!

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. 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.

Looking for more information on 5 Madeley Street?

Explore comparables, sales history and growth for this property.
Learn more

Contact

Similar properties sold nearby

SoldAug 3, 2026
$880,000
16A Sandpiper Court
Ocean Grove VIC 3226
2
1
1
House
SoldJul 1, 2026
$942,500
49A The Parade
Ocean Grove VIC 3226
2
1
2
House
SoldApr 8, 2026
Price not available
75 Orton St
Ocean Grove VIC 3226
2
1
House

Other properties sold by Hugh McKewan

SoldJul 20, 2026
Price not available
13 Seagull Grove
Ocean Grove VIC 3226
4
2
2
House
SoldJul 13, 2026
$980,000
18 Tyro Street
Ocean Grove VIC 3226
4
2
2
House
SoldJul 9, 2026
$920,000
16 Markham Dr
Ocean Grove VIC 3226
3
2
2
House

Browse properties sold in nearby areas

© 2026 RateMyAgent