28 Pier StreetRye VIC 3941
Property Details for 28 Pier St, Rye
28 Pier St, Rye is a 7 bedroom, 6 bathroom House with 4 parking spaces. The property has a land size of 2121m2 and floor size of 131m2. While the property is not currently for sale or for rent, it was last sold in January 2022.
Last Listing description (November 2022)
Auction Location: On-Site & Online.
Sitting on approx 2121m2 of premium land within a short 4 minute drive to the Rye Main Street shops & 5 minute drive to the Rye ocean beaches. This home has been well loved by the same family for over 40 years and provides multiple investment opportunities.
This home comprises of 4 units under the same roofline that are met by a common room that is a combined dining & living room with a OFP & New Panasonic RC A/C, Timber floorboards & a fully equipped kitchen. There is also a shared laundry room as well as a bathroom with a Shower and toilet. Each unit is serviced by RC A/C
Unit 1 - 2 bedrooms, 1 bathroom, 1 kitchenette, 1 living Area, 2 RC A/C
Unit 2 - 1 bedroom, 1 kitchenette, 1 bathroom, 1 RC A/C
Unit 3 - 1 bedroom, 1 bathroom, 1 living room, 1 kitchenette, 2 RC A/C
Unit 4 - 1 bed & living Room combined, 1 kitchenette, 1 bathroom, 1 RC A/C
Possibilities are endless, Enjoy the property in all its glory as a family holiday home, renovate the current property and let out as holiday rentals to maximise short stay investment opportunities or develop (S.T.C.A)
Property History for 28 Pier St, Rye, VIC 3941
- 30 Jan 2022Sold for $1,580,000
- 07 Jan 2022Listed for Sale SOLD
- 22 Oct 1991Sold for $72,500
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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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