OFF MARKET

22 Dundas Street
Rye VIC 3941

Bedrooms: 13
Bathrooms: 7
Car spaces: -
Land area: 2030m2
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Last updated 11 Nov 2024
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Property Details for 22 Dundas St, Rye

22 Dundas St, Rye is a 13 bedroom, 7 bathroom Unit. The property has a land size of 2030m2. While the property is not currently for sale or for rent, it was last sold in July 2015.

Building Type
Unit
Land Size
2030m2
Local Government
Mornington Peninsula
Lot/Plan
27/LP30579

Last Listing description (August 2015)

Situated in the best part of Rye, this is a unique opportunity that cannot be missed.
This amazing and popular complex features 6 generous holiday apartments plus a spa suite that is currently successfully let on a five year lease with a return of $100,000 per annum with two further 5 year terms (this can be negotiated).
Each apartment features 2 generous bedrooms, its own bathroom with shower and a cosy kitchenette. There is also plenty of free space, car-parking and the spa-suite features a single bedroom with a built-in cedar spa on the deck.

Within walking distance to everything that Rye has to offer why wouldn't you want to enhance your future and be the proud owner of an extremely popular resort. Take advantage of this very strong lease, and watch your asset grow.
You dont want to miss this.
CALL NOW!!

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Property History for 22 Dundas St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,500,000
02 Jul 2015
  • 02 Jul 2015
    Sold for $1,500,000
  • 24 Jun 2014
    Listed for Sale Offers over $1.6m
  • 28 Jul 2006
    Sold for $1,500,000
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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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