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Sold on 05 Mar 2024 for $975,000

2 Balook Street
Rye VIC 3941

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Land area: 774m2
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Property Details for 2 Balook St, Rye

2 Balook St, Rye is a 4 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 774m2. While the property is not currently for sale or for rent, it was last sold in March 2024. There are other 4 bedroom House sold in Rye in the last 12 months.

Building Type
House
Land Size
774m2
Local Government
Mornington Peninsula
Lot/Plan
399/LP53781

Last Listing description (March 2024)

Immaculately presented and primed for beachside living. This property is set on a generous corner block of 774m2 (approx.), ideally located between the front and back beaches of Rye giving central access to shopping, eateries, golf courses, the bay, surf beaches and Peninsula Hot Springs.

With the main accommodation located conveniently over one level, a covered entry/mud room, perfect for shaking off the sand and hanging the beach towel welcomes you into a spacious L-shaped living and dining space with exposed ceiling beams and wood panelling enhancing the feeling of cool coastal charm whilst the fireplace provides comfort for the winter months. A well equipped kitchen provides ample storage. Four bedrooms provide spacious accommodation for the whole family, including built in bunks for a myriad of summer visitors, an extra-large, light filled master provides space for a parents retreat and a stylish family bathroom completes the first floor.

Outside you are immediately impressed by the large and partially covered deck that overlooks the garden and treetops, providing space to entertain. Below, the low maintenance garden has been smartly landscaped for maximum enjoyment with an outdoor shower, levelled grass area, putting green and double lock up garage. A built in basketball ring and cinema room cements this properties status' as a real entertainer that also features, additional storage and split system heating cooling. A well thought out home ready to move in and enjoy for the rest of summer, rent for AirBnB or simply make it your new family home.

Property History for 2 Balook St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$975,000
05 Mar 2024
  • 20 Feb 2024
    Sold for $975,000
  • 12 Feb 2024
    Listed for Sale $950,000 to $1,000,000
  • 22 Feb 2020
    Sold for $720,000
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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 56.28% increase in median value, while Units have seen a 42.85% increase. As at 31 July 2024:

  • The median value for Houses in Rye is $1,064,595 while the median value for Units is $659,494.
  • Houses have a median rent of $580 while Units have a median rent of $450.
There are currently 77 properties listed for sale, and 19 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 313 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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Ben Kenyon
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Joe Falzon
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Stockdale & Leggo Rye
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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.