OFF MARKET

20 Observation Drive
Rye VIC 3941

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Floor area: 94m2
Land area: 772m2
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Property Details for 20 Observation Dr, Rye

20 Observation Dr, Rye is a 4 bedroom, 2 bathroom House. The property has a land size of 772m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in April 2022.

Building Type
House
Floor Size
94m2
Land Size
772m2
Local Government
Mornington Peninsula
Lot/Plan
204/LP19188

Last Listing description (July 2022)

Just minutes to the beach and shops, this home offers its lucky new owner a lifestyle you can only dream of and a holiday home or full term residence your friends and family will be envious of. The floorplan is perfect for a large family or when you have a long line of guests over the summer season.
On the ground level the entrance hall leads you into the open plan living and dining area looking out beyond the elevated deck and to the views of the surrounding greenery. With vaulted ceilings, neutral colour palate and served by renovated kitchen with ample storage, the living area streaming with natural light is the perfect beachside home. Three bedrooms all with built in robes and family bathroom complete the ground floor.
Below offers flexibility as a guest suite, teenagers retreat, home studio or simply additional accommodation for larger families, featuring; living space, kitchen, bathroom, bedroom and laundry. Outside the rear yard is kept neatly manicured with scope for further landscaping if desired while the front features a double crossover driveway providing ease of access for boats, caravans or other vehicles.

Located just a short distance from the Rye foreshore and shopping precinct the home also includes; ceiling fans, split system heating and cooling and garden shed.

Property History for 20 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,155,000
24 Apr 2022
  • 24 Apr 2022
    Sold for $1,155,000
  • 12 Apr 2022
    Listed for Sale $1,100,000 to $1,200,000
  • 15 Nov 2000
    Sold for $157,000
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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 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.