Rural living in sought-after coastal postcode

An extremely rare acreage opportunity has opened at Ocean Grove complete with a pre-approved planning application that offers the enviable opportunity to blend coastal and rural living.

Number 49A Cerberus Drive is a 5.5 hectare site that borders the Oakdene Estate at northern Ocean Grove and is one of the largest land blocks available within the suburb.

The property is currently a greenfield site but comes with endorsed plans form the City of Greater Geelong to build a luxury single-storey home architect home brimming with potential, which includes an inground swimming pool, tennis court and large shed or workshop.

The property is on the north side of Cerberus Drive, meaning it is outside the protected settlement boundary enshrined in the Bellarine Distinctive Area Landscape planning policy, ruling out intensive housing development.

Kerleys Coastal Real Estate is selling this property by expressions of interest, which close on April 19.

It has price hopes of between $2.75 million and $2.95 million.