31 Wargundy AvenueRye VIC 3941
Property Details for 31 Wargundy Ave, Rye
31 Wargundy Ave, Rye is a 0 bedroom, 0 bathroom House. The property has a land size of 808m2. While the property is not currently for sale or for rent, it was last sold in October 2015.
Last Listing description (March 2024)
Discover the perfect canvas for your coastal dream at 31 Wargundy Avenue, Rye. This impressive 808 sqm block of land presents an exceptional opportunity for those seeking a strategic investment or the ideal location for their new home.
Situated just a 2 minute drive from the vibrant Rye shops and the beautiful front beach, this location offers both convenience and lifestyle. The ease of access to local amenities, dining, and entertainment ensures that your days are filled with leisure and relaxation.
One of the standout features of this property is the included plans and permits for a 5-bedroom dwelling. With the groundworks already initiated, the initial start up costs for your dream home have been significantly reduced, providing you with a head start on your construction journey.
Furthermore, at the rear of the block lies a council owned easement, granting the potential buyer permissive access and use. This addition adds to the already generous size of the block, offering even more versatility and potential for your vision.
This unique property is a rare find in the Rye area, where opportunities like this are in high demand. Whether you're an astute investor looking for a project with existing permits or a homeowner ready to bring your dream home to life, 31 Wargundy Avenue offers endless possibilities.
Seize this opportunity to create your coastal haven in this sought after location. Contact us today to explore the full potential of this prime piece of Rye real estate. Your future awaits at 31 Wargundy Avenue.
Property History for 31 Wargundy Ave, Rye, VIC 3941
- 02 Oct 2023Listed for Sale $750,000 to $795,000
- 18 Oct 2015Sold for $200,000
- 26 May 2015Listed for Sale $215,000 - $239,000
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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 10,000 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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