OFF MARKET

125 Melbourne Road
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 79m2
Land area: 592m2
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Property Details for 125 Melbourne Rd, Rye

125 Melbourne Rd, Rye is a 2 bedroom, 1 bathroom House with 1 parking spaces and was built in 1985. The property has a land size of 592m2 and floor size of 79m2. While the property is not currently for sale or for rent, it was last sold in February 2020.

Building Type
House
Year Built
1985
Floor Size
79m2
Land Size
592m2
Local Government
Mornington Peninsula
Lot/Plan
776/LP53790

Last Listing description (February 2020)

Fully renovated and landscaped property providing spacious and modern living. Two bedrooms, one large bathroom and a lock up garage. Open plan living with stunning wood fire canara, polished timber floorboards and split system. Opening to the large north-facing deck, offering space for luxury living or entertaining. Bedrooms have BIR's and newly carpeted for ultimate comfort. House security system for peace of mind.All round clean and neat property, fully fenced and landscaped gardens with secure outdoor fireplace. Located on a quiet service road off Melbourne Rd in Rye, only 15 minutes' walk to Rye Beach and endless shops/cafs/restaurants. Suitable for first home buyers, holiday makers or a great investment opportunity, previously rented for $320p/w on a permanent basis. This property will not last long!

Property History for 125 Melbourne Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$520,000
10 Feb 2020
Listed for Rent
14 Oct 2019
  • 10 Feb 2020
    Sold for $520,000
  • 22 Jan 2020
    Listed for Sale $480,000 - $528,000
  • 07 Oct 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 9,998 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 91 properties listed for sale, and 9 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.