Prime Coastal Allotment with Renovate or Rebuild Potential

Positioned in a quiet, established pocket of Ocean Grove, 18 Pearl Street offers a clear and compelling opportunity for those looking to secure land and create something new.

Set on a generous allotment, the existing dwelling is in original condition and presents as a complete renovation or knockdown/rebuild opportunity (STCA). For buyers with vision, the value here lies in the block, the position and the ability to design a home tailored to modern coastal living.

The depth of the site provides excellent scope for a substantial new build, with room for outdoor entertaining, landscaping or additional improvements, all within a well-regarded residential setting.

Surrounded by established homes and located moments from the Barwon River, Ocean Grove Golf Club and the town centre, this is a location that continues to see strong demand from both permanent residents and holiday home buyers. Easy access to beaches, walking tracks and local amenities further enhances the long-term appeal.

Opportunities like this — where the focus is firmly on land, location and potential — are increasingly rare in Ocean Grove.

Key Features:
– Generous allotment with wide backyard
– Existing home in original condition
– Ideal for complete renovation or redevelopment (STCA)
– Quiet, established street
– Close to Barwon River, golf course and town centre
– Strong appeal for builders, renovators and investors