OFF MARKET

1 Cooraminta Road
Rye VIC 3941

Bedrooms: 5
Bathrooms: 2
Car spaces: 7
Land area: 1213m2
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Property Details for 1 Cooraminta Rd, Rye

1 Cooraminta Rd, Rye is a 5 bedroom, 2 bathroom House with 7 parking spaces. The property has a land size of 1213m2. While the property is not currently for sale or for rent, it was last sold in November 2023.

Building Type
House
Land Size
1213m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP186075

Last Listing description (November 2023)

Discreetly positioned on a 1213m2, fully fenced corner allotment, this two storey timber and brick home echos memories of summers at Rye Ocean Beach and the beauty of the Coastal Walk to Cape Schanck or Portsea with views to Bass Strait from the upper deck, summer bbq's, epic table tennis tournaments and first eleven cricket matches.
Oriented to take in rafts of North Westerly light, the home offers accommodation of five bedrooms with a bathroom on each level, an open plan kitchen to living featuring a lovely open fireplace and dining for maximum family interaction to the sun deck with glimpses of Bass Strait.
The five generous bedrooms (three upstairs and two downstairs) offer accommodation for many and the paved undercroft offers protection on rainy days or the heat for additional relaxing and entertainment.

There is a single garage with retracting door which is ideal for additional storage as well as carparking for up to six cars on site.
Positioned at the high point of the street, this allotment has a feeling of space and light and if the home were to be renovated, extended or rebuilt, it would make an exceptionally imposing and striking entry to Cooraminta Road.
There are new homes being constructed close by contributing to the overall sense of quality and status of this highly sought after Ocean Beach location.
Just a fifteen minute walk to the National Park entry to Rye Ocean Beach and the choice of 16th Beach General Store or Dundas Street shopping for other necessities such as take away, a bottle shop stocking excellent local wines and the obligatory fish and chip shop which has high local patronage.
This home would make a wonderful permanent home, a weekender or would perform well in the short stay or permanent long stay accommodation market.

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Property History for 1 Cooraminta Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,190,000
14 Nov 2023
Listed for Rent
$460/w
10 May 2018
  • 09 Nov 2023
    Sold for $1,190,000
  • 11 Mar 2023
    Listed for Sale $1,200,000 - $1,320,000
  • 10 Apr 2018
    Listed for Rent - Price not available
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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 94 properties listed for sale, and 10 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 321 properties were sold in the past 12 months in Rye.

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