OFF MARKET

1/56 Lyons Street
Rye VIC 3941

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 148m2
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Property Details for 1/56 Lyons St, Rye

1/56 Lyons St, Rye is a 1 bedroom, 1 bathroom Unit. The property has a land size of 148m2. While the property is not currently for sale or for rent, it was last sold in November 2022.

Building Type
Unit
Land Size
148m2
Local Government
Mornington Peninsula
Lot/Plan
1/PS547645

Last Listing description (November 2022)

Offering an exceptional opportunity to secure a fantastic entry level property just 800*m to the beach, this neat two bedroom brick home is now ready for a new owner.

The perfect proposition for first home buyers, downsizers, and investors alike, this low maintenance gem located just a stones throw from all the summertime action would also make an excellent weekender or holiday home. Walk to the local restaurants and leave the car at home as you enjoy close proximity to just about everything that Rye has to offer from an array of local cafes, ice-creameries, parks, the Rye Pier and Carnival, wine bars, the Rye Hotel and much more.

And whilst this neat as a pin property is move in ready, it also offers an excellent opportunity to add future value by updating the original retro decor and transforming the interior space into a luxe coastal setting. One thing is for sure, there aren't many left like it, and they aren't making any more! Properties like this don't come along often.


Contact Jade to book your inspection today!

Features

- Two bedrooms

- Single lock up garage plus additional off street parking

- Bore water

- Split system heating & cooling

- Gas cooktop

- Lg dishwasher

- Approximately 800*m to the entrance to both Rye Village and the foreshore

- Within close walking distance to schools and recreational facilities


*All distances and measurements are approximate only.

Property History for 1/56 Lyons St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$510,000
21 Nov 2022
  • 21 Nov 2022
    Sold for $510,000
  • 13 Oct 2022
    Listed for Sale UNDER CONTRACT

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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 88 properties listed for sale, and 13 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 319 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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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.