11 Yera CrescentRye VIC 3941
Property Details for 11 Yera Cres, Rye
11 Yera Cres, Rye is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1990. The property has a land size of 539m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in March 2020.
Last Listing description (April 2020)
This immaculately presented 3-bedroom property is situated in a quiet leafy Crescent and is surrounded by lovely established gardens on a low maintenance allotment of land. Currently a very successful holiday rental property generating $57,500 per annum, it represents an outstanding positively geared return to the astute investor looking to grow their portfolio. With the Mornington Peninsula being the premier holiday destination with all that it offers at your doorstep - pristine bay and ocean beaches, world class wineries & golf courses and only a few minutes to the Rye Township. Featuring a well-appointed kitchen with S/S appliances (inc dishwasher), modern bathroom (with sep bath and shower), gas fireplace and split system air-con, covered outdoor entertaining area plus a garden shed. Offered as a "turn key" proposition for a seamless transition for the successful continuation of this outstanding investment venture - with revenue, forward booking and inventory schedules available upon request. Private Inspection Only due to multiple on-going forward booking is essential.
Property History for 11 Yera Cres, Rye, VIC 3941
- 23 Mar 2020Sold for $620,000
- 20 Jan 2020Listed for Sale $650,000
- 23 Sep 2016Sold for $428,500
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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 10,005 properties. Over the last 5 years, Houses in Rye have seen a 52.61% increase in median value, while Units have seen a 30.51% increase. As at 31 August 2024:
- The median value for Houses in Rye is $1,047,892 while the median value for Units is $605,995.
- Houses have a median rent of $590 while Units have a median rent of $450.
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