25 Ballabil StreetRye VIC 3941
Property Details for 25 Ballabil St, Rye
25 Ballabil St, Rye is a 4 bedroom, 2 bathroom House. The property has a land size of 1103m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 4 bedroom House sold in Rye in the last 12 months.
Last Listing description (November 2024)
Enjoying a blue-chip seaside position just 550m to Rye's vibrant town centre and powder-white sands of the calm bay beach, this original beach shack is set on a flat, elevated 1,103m2 (approx) allotment and offers bonus rear street access invites endless possibilities to reimagine into a contemporary beachside home featuring views of the bay.
Superbly situated and poised for a transformation or demolition to make way for a brand-new residence (STCA), the three-bedroom home captures bay views from the deck and living room, while a savvy eye will immediately spot the potential for a further expanded bay vista from an upper level.
The existing single-level residence features hardwood timber flooring throughout with separate north-facing living and dining zones, a simple kitchen with gas stove and servery window to the lounge, a full family bathroom, two toilets, a vintage potbelly stove and two further heaters.
Outside, the expansive backyard houses a detached bungalow with vehicle access from Derwin Lane at the rear, while the 17.2 x 60.8 x 19.3 x 76.5m site is versatile and wonderfully accessible for the construction of a new home and swimming pool.
Positioned at the end of a quiet, dead-end street, the property is just a few minutes' stroll to cafes, shops and restaurants, and of course the glassy waters of the stunning Rye foreshore.
A dream site for sea changers, holidaymakers and developers alike, golf courses, hot springs, surf beaches, yachting facilities, wineries and everything the Mornington Peninsula is celebrated for are also just a short drive away.
To be notified when inspections of this property are available, to be sent a copy of the Contract and advised of property updates, simply submit an enquiry on this page.
Belle Property is proud to be offering this property for sale. For further information, please contact Tim Bradler on 0400 312 412 tim.bradler@belleproperty.com
Disclaimer: Whilst every care has been taken in preparing the property information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.
Property History for 25 Ballabil St, Rye, VIC 3941
- 02 Nov 2024Sold for $850,000
- 26 Mar 2024Listed for Sale $850,000
- 07 Jul 2005Transferred
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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 10,000 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.
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