OFF MARKET

11/2475 Point Nepean Road
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 77m2
Land area: 134m2
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Property Details for 11/2475 Point Nepean Rd, Rye

11/2475 Point Nepean Rd, Rye is a 2 bedroom, 1 bathroom Unit and was built in 1970. The property has a land size of 134m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
Unit
Year Built
1970
Floor Size
77m2
Land Size
134m2
Local Government
Mornington Peninsula
Lot/Plan
11/RP3898

Last Listing description (May 2022)

Fantastic opportunity to purchase in a highly sought after blue chip beachside location!

This low maintenance BV unit offers a multitude of options and would be perfect for retirees, as an investment for permanent or holiday rentals, or to make it your own weekender to escape and unwind.


You wont need the car as its less than 5 minutes walk to the Rye shopping strip with its popular cafes, restaurants, clubs and boutiques shops.

Features include 2 good sized bedrooms with BIRs, a spacious light and bright lounge area with split system air conditioner. The kitchen has ample bench and cupboard space, stainless steel appliances and dishwasher, there is an updated bathroom/laundry and private courtyard with plenty of room to entertain and create a lovely garden space, secure single lock up garage and best of all, its directly opposite the beach.

Currently tenanted @ $1,412pcm and can be purchased with vacant possession.

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Property History for 11/2475 Point Nepean Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$670,000
11 Apr 2022
Listed for Rent
$325/w
17 May 2019
  • 11 Apr 2022
    Sold for $670,000
  • 03 Mar 2022
    Listed for Sale $695,000 - $760,000
  • 03 May 2019
    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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