FOR SALE
$600,000 to $650,000

1 Yera Crescent
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Land area: 817m2
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The Beach Shack

Discover the hidden potential of this classic beach shack nestled in the heart of Rye! Set on an elevated 817 sqm block, this 3-bedroom property offers sweeping landscape views, making it a perfect canvas for first-home buyers, investors, or developers eager to build their dream coastal retreat.
Inside, you'll find a cozy, original layout featuring a central bathroom and a modest kitchen, ideal for those who love the charm of an authentic beach house. The property also includes a large garden shed, an undercover sunroom at the rear, and ample front yard space to park your boat or caravan-perfect for embracing the laid-back coastal lifestyle.
Located in a quiet, peaceful neighbourhood away from the hustle and bustle, this property offers a rare combination of tranquillity and accessibility, currently standing as the most affordable home in Rye. Whether you're looking to renovate, rebuild, or simply settle in and enjoy, this home is a unique opportunity to secure a slice of coastal paradise.
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Property Details for 1 Yera Cres, Rye

1 Yera Cres, Rye is a 3 bedroom, 1 bathroom House. The property has a land size of 817m2. The place is currently for sale with Hodges Rye.

Building Type
House
Land Size
817m2

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About Rye 3941

The size of Rye is approximately 17.7 square kilometres. It has 16 parks covering nearly 14.3% of total area. The population of Rye in 2011 was 8,159 people. By 2016 the population was 8,423 showing a population growth of 3.2% in the area during that time. The predominant age group in Rye is 60-69 years. Households in Rye are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rye work in a trades occupation. In 2011, 72.7% of the homes in Rye were owner-occupied compared with 71.6% in 2016.

Rye has 10,000 properties. Over the last 5 years, Houses in Rye have seen a 45.73% increase in median value, while Units have seen a 32.23% increase. As at 31 October 2024:

  • The median value for Houses in Rye is $1,030,203 while the median value for Units is $649,156.
  • Houses have a median rent of $590 while Units have a median rent of $480.
There are currently 93 properties listed for sale, and 9 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 318 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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Daniel Chessari
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Hodges Rye
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.