OFF MARKET

138 Melbourne Road
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 112m2
Land area: 544m2
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Property Details for 138 Melbourne Rd, Rye

138 Melbourne Rd, Rye is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1985. The property has a land size of 544m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in October 2016.

Building Type
House
Year Built
1985
Floor Size
112m2
Land Size
544m2
Local Government
Mornington Peninsula
Lot/Plan
6/LP117274

Last Listing description (October 2016)

Privately situated behind a row of trees and off a service road, this inviting coastal property offers rare value for the astute buyer. With a perfect floor plan, suited to families and couples alike, this little gem can be enjoyed as is or could be updated to your desire. An ideal coastal getaway, investment or permanent home, this one will certainly not last.
Featuring:
Light and bright interiors courtesy of large windows and feature raked ceilings

Generous open plan living zone which spills out to the alfresco area
Bistro blinds and the undercover entertainment area cater for all-year outdoor entertaining
Three generous sized bedrooms with carpeted flooring
Updated kitchen (with new S/S cooker, oven and range hood) with plenty of storage space overlooking the meals area and adjacent family room
Well-maintained and offering the opportunity to occupy, lease or modernise
Centrally positioned bathroom with shower and bath plus a convenient separate toilet
A dedicated laundry, split system heating and cooling, as well as a garden shed add further appeal
Away from the crowds and nestled on a quiet service road
Flanked by low maintenance grounds on an easy-care 544 sqm* allotment
North-facing rear garden, perfect for children, pets and seaside relaxation
Flooded in natural light, this property is just the ticket for enjoying the nearby bay and surf beaches, as well as a plethora of cafes and shops
*all measurements are approximate

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Property History for 138 Melbourne Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$456,000
08 Oct 2016
  • 08 Oct 2016
    Sold for $456,000
  • 07 Sep 2016
    Listed for Sale $420,000 - $460,000
  • 19 May 2016
    Sold for $420,000
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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.
There are currently 79 properties listed for sale, and 10 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 304 properties were sold in the past 12 months in Rye.

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