FOR SALE
$480,000 - $520,000

7 Rye Street
Dallas VIC 3047

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Land area: 540.7913m2
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Corner Double Storey Brick Property - Ideal for Investment, Renovation or Development!

Inspections via Private Appointment - Walk through video available
Discover the limitless potential of this solid double storey brick property, perfectly situated on a coveted corner lot in a prime location. Whether you're an investor, developer, or a homeowner with a vision, this property offers a rare opportunity to create your dream home or a lucrative development project.
Key Features:
Prime Corner Location: Enjoy the added privacy and expansive outlook that comes with a corner lot. Ideal for maximizing natural light and creating a unique architectural statement.
Solid Brick Construction: A testament to timeless quality and durability, this sturdy double storey structure provides a strong foundation for any renovation or redevelopment plans.
Spacious Layout: With generous living spaces, multiple bedrooms, and flexible floor plans, this property offers endless possibilities for customization to suit your needs.
Development Potential: The ample lot size and strategic location make this property a prime candidate for redevelopment. Explore options such as subdividing (subject to council approval).
Proximity to Amenities: Located in a sought-after neighborhood, you'll be within walking distance to schools, parks, shopping centers, and public transport, ensuring convenience and a high quality of life.
Investment Highlights:
Growth Area: Positioned in a rapidly developing area, this property offers excellent growth potential. Capitalize on the increasing demand for quality housing in a prime location.
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Property Details for 7 Rye St, Dallas

7 Rye St, Dallas is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 540.7913m2. The place is currently for sale with @realty.

Building Type
House
Land Size
540.7913m2

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About Dallas 3047

The size of Dallas is approximately 2.3 square kilometres. It has 6 parks covering nearly 10% of total area. The population of Dallas in 2011 was 6,479 people. By 2016 the population was 6,819 showing a population growth of 5.2% in the area during that time. The predominant age group in Dallas is 20-29 years. Households in Dallas are primarily couples with children and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Dallas work in a community and personal service occupation. In 2011, 66.7% of the homes in Dallas were owner-occupied compared with 60.4% in 2016.

Dallas has 2,575 properties. Over the last 5 years, Houses in Dallas have seen a 23.62% increase in median value, while Units have seen a 8.36% increase. As at 31 July 2024:

  • The median value for Houses in Dallas is $561,029 while the median value for Units is $417,555.
  • Houses have a median rent of $450 while Units have a median rent of $420.
There are currently 10 properties listed for sale, and 1 property listed for rent in Dallas on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Dallas.

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