SOLD
RECENT ADVICE
Sold on 08 Nov 2024 for $500,000

7 Rye Street
Dallas VIC 3047

Bedrooms: 4
Bathrooms: 1
Car spaces: 1
Land area: 540.7913m2
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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. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 4 bedroom House sold in Dallas in the last 12 months.

Building Type
House
Land Size
540.7913m2
Local Government
Hume
Lot/Plan
457/LP63755

Last Listing description (November 2024)

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.
High Rental Demand: The combination of location, size, and potential for modern upgrades ensures strong rental appeal, making it an attractive investment for rental income.

Property is currently tenanted over last 4 years with tenants happy to stay on!

Submit your offer via link:
https://myatrealty.com/v2/properties/103743/listings/61503/submitofferform

Don't miss out on this unique opportunity to secure a versatile property with boundless potential. Whether you're looking to renovate, redevelop, or simply invest in a prime piece of real estate, this corner double storey brick property is the perfect canvas for your vision.

Property History for 7 Rye St, Dallas, VIC 3047

A timeline of how this property has performed in the market
Last Sold
$500,000
08 Nov 2024
Listed for Rent
$300/w
14 May 2017
  • 08 Nov 2024
    Sold for $500,000
  • 22 Jul 2024
    Listed for Sale $480,000 - $520,000
  • 01 May 2017
    Listed for Rent - Price not available
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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 2,580 properties. Over the last 5 years, Houses in Dallas have seen a 17.01% increase in median value, while Units have seen a 6.51% increase. As at 31 October 2024:

  • The median value for Houses in Dallas is $555,622 while the median value for Units is $425,338.
  • Houses have a median rent of $490 while Units have a median rent of $420.
There are currently 11 properties listed for sale, and 3 properties listed for rent in Dallas on OnTheHouse. According to CoreLogic's data, 93 properties were sold in the past 12 months in Dallas.

Suburb Insights for Dallas 3047

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Chau Ngo
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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.