SOLD
Sold on 16 Mar 2024 for $2,720,000

148 Avon Road
Rye VIC 3941

Bedrooms: 5
Bathrooms: 3
Car spaces: 6
Floor area: 30m2
Land area: 5305m2
Sold By
Agents' Agency Network Partners
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Property Details for 148 Avon Rd, Rye

Building Type
Rural
Floor Size
30m2
Land Size
5305m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP205854

Last Listing description (October 2024)

Privately located in one of Rye Oceanside's most coveted cul-de-sacs amongst similar land holdings, this substantial family coastal residence built in the 1980's heralds memories of summer tennis marathons, lazy afternoons at the beach and evenings of holiday fun.
The elevated home is situated on the high point plateau overlooking natural coastal flora with views to Arthurs Seat and is built with three separate living zones, five bedrooms, three bathrooms, a main kitchen and a large catering kitchen/laundry.
The home has an undercover entry to vestibule accessing a separate zone comprising three bedrooms, a lounge ventures upstairs and flows by a larger lounge to the alfresco, outdoor spa and tennis court. The laundry/scullery is also on this level and would be perfect to use for catering for celebrations. On the next and highest level, the main lounge area, second study or a billiard room (currently with billiard table installed), a generous dining area and very large kitchen offers views to Arthurs seat and coastal bushland with easterly views and stunning sunrises. A study/fifth bedroom is here plus the primary accommodation suite with extensive robes and a large ensuite with large bath.

A large covered terrace to the rear with built in Bbq facilities, a family sized swim spa all add to the on site facilities embellish the full sized, Modgrass tennis court which has been built on a concrete base.
The building is an authentic expression of coastal 1980's architecture with the characteristic vertical timber strapping popular in Cape Cod design era.
Car and vehicle accommodation is plentiful with six cars under house and two additional sheds for boat and caravan storage or workshop purposes.
The land size of 5305m2 firmly puts a stamp on the precinct offering the new owner an opportunity to refurbish or upgrade the existing dwelling if so desired.
Although in beautifully maintained condition, the home may benefit from cosmetic upgrades if desired or enjoy this alluring, private coastal retreat in its natural surrounds.
-Land 5305m2 approx
-The surf beach can easily be heard from the property
-North Easterly South Westerly Modgrass Tennis court full size on concrete added in 2000
-Capability for Volleyball net and basketball hoops
-Two large sheds ideal for boat, jetski, caravan or workshop use
-Three doors from Rye Ocean Beach National Park track to surf

Property History for 148 Avon Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$2,720,000
16 Mar 2024
  • 16 Mar 2024
    Sold for $2,720,000
  • 08 Mar 2024
    Listed for Sale $2,595,000 - $2,850,000
  • 27 Dec 1997
    Listed for Sale Not Disclosed
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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 10,019 properties. Over the last 5 years, Houses in Rye have seen a 46.19% increase in median value, while Units have seen a 40.55% increase. As at 30 November 2024:

  • The median value for Houses in Rye is $1,033,885 while the median value for Units is $697,628.
  • Houses have a median rent of $595 while Units have a median rent of $480.
There are currently 80 properties listed for sale, and 14 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 338 properties were sold in the past 12 months in Rye.

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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.