21 Lowe Street

Positioned in the tightly held and highly sought-after “Old Grove” precinct, this exceptional 631sqm (approx.) allotment presents an exciting opportunity for renovators, builders, developers, or those dreaming of creating something truly special in the heart of Ocean Grove. For buyers looking for a modern home customised to your needs this site is also prime for a knock down rebuild. Some preliminary costings have been done by local builders this information is available on request. Held by the current owners since 2008, the almost original 1970s residence offers great upside and endless potential. The weatherboard and rendered home comprise three bedrooms, a central bathroom with separate toilet, and a spacious living zone enhanced by exposed hardwood timber floors throughout the living areas and bedrooms. Outside there is a separate pavilion with laundry, bathroom and toilet. The original kitchen with adjoining meals area flows into the generous living space, complete with gas heating, while the long side driveway provides outstanding functionality with access to a rear double garage and ample off-street parking for additional vehicles, a caravan, or boat storage. Whether you choose to undertake a substantial renovation, preserve and enhance the home’s remaining mid-century character, or explore the exciting redevelopment possibilities (STCA), the scope here is undeniable. The generous dimensions of the block lend themselves perfectly to a luxury new home or potential multi-dwelling development (STCA). Perfectly located within walking distance to local schools, sporting facilities, and both the Marketplace and Terrace shopping precincts, and only moments from Ocean Grove’s stunning beaches and coastal lifestyle attractions, this is a rare chance to secure blue-chip land in one of the Bellarine Peninsula’s most desirable pockets. Opportunities in “Old Grove” are increasingly rare—don’t miss your chance to unlock the enormous potential of this prime address.