SOLD
Sold on 06 May 2024 for $2,650,000

3 Rex Avenue
Rye VIC 3941

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 267m2
Land area: 845m2
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Property Details for 3 Rex Ave, Rye

3 Rex Ave, Rye is a 2 bedroom, 2 bathroom House with 1 parking spaces and was built in 2022. The property has a land size of 845m2 and floor size of 267m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 2 bedroom House sold in Rye in the last 12 months.

Building Type
House
Year Built
2022
Floor Size
267m2
Land Size
845m2
Local Government
Mornington Peninsula
Lot/Plan
52/LP11289

Last Listing description (March 2021)

Under Offer

844M2 of land awaits your dream home!

A quick makeover to the current 2 bedroom property will be ideal as a holiday house or permanent rental with a better return until your plans are approved.

This is an outstanding opportunity to purchase in the heart of Rye.

Within a 5 minute stroll to beach and shops, don't go past this once in a lifetime chance to secure your future home!

It's all about location!

Currently tenanted month to month @ $200 per week.

Property History for 3 Rex Ave, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$2,650,000
06 May 2024
Listed for Rent
$200/w
29 Oct 2011
  • 06 May 2024
    Sold for $2,650,000
  • 30 Nov 2020
    Sold for $725,000
  • 21 Nov 2020
    Listed for Sale $725,000
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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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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.