SOLD
Sold on 13 May 2024 for $732,000

2-4 Twakurra Street
Rye VIC 3941

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 133m2
Land area: 835m2
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Property Details for 2-4 Twakurra St, Rye

Building Type
Land
Year Built
1976
Floor Size
133m2
Land Size
835m2
Local Government
Mornington Peninsula
Lot/Plan
28/LP86400

Last Listing description (August 2024)

Discover the potential of this prime location nestled amidst the tranquility of Rye. This corner block retreat, enveloped by lush trees, offers privacy and security, presenting an ideal canvas for realizing your dream home vision. Boasting a generous land size of approximately 1756 sqm spread across two titles with dual street access, the possibilities are endless.

Embrace the opportunity to renovate, create a holiday sanctuary, or reside in the charming original beach house. The property features a well-maintained residence with three bedrooms, a bathroom, and a separate toilet upstairs, complete with an air-conditioned living/dining area. Additionally, the ground level hosts a fully self-contained one-bedroom dwelling with its own shower, vanity unit, and toilet, both seamlessly connected to sewerage.

Further enhancing its appeal, the entire property is fully updated, fenced, and gated for added security and peace of mind. There is a single expansive shed, providing ample secure storage for vehicles, boats, and recreational gear.

Positioned for lifestyle convenience, this residence is surrounded by beaches, cafes, golf courses, and renowned wineries of the Mornington Peninsula. Enjoy entertaining friends and family or indulge in relaxation at the nearby Peninsula Hot Springs, mere minutes away.

Whether seeking a comfortable abode or an astute investment opportunity, this remarkable property awaits your personal touch. Move in and relish its immediate appeal or seize the chance to transform it into your ultimate haven..

Property History for 2-4 Twakurra St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$732,000
13 May 2024
  • 13 May 2024
    Sold for $732,000
  • 13 May 2024
    Sold for $455,000
  • 28 Mar 2024
    Listed for Sale $1,250,000 - $1,350,000
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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 10,001 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 11 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 320 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.