35 Government RoadRye VIC 3941
Property Details for 35 Government Rd, Rye
35 Government Rd, Rye is a 3 bedroom, 1 bathroom House. The property has a land size of 943m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Rye in the last 12 months.
Last Listing description (August 2024)
This rare opportunity features a flat, expansive 943sqm plot with a street frontage of 19.5 meters and a depth of approximately 48 meters. Conveniently located within walking distance to Rye shops, transport, and the beach, this property offers both potential and convenience.
The current original 3-bedroom, 1-bathroom house on the property is in need of significant renovation or to be demolished and is currently tenanted for $300 per week. The tenant has been at the house for over 10 years. However, the true value lies in the potential to knock down the existing structure and build your dream home on this outstanding piece of land. You can not subdivide this land.
Don't miss out on this unique chance to secure a prime piece of real estate in Rye. Be quick to snap this up!
Property History for 35 Government Rd, Rye, VIC 3941
- 26 Aug 2024Sold for $765,000
- 16 Jul 2024Listed for Sale $700,000 - $750,000
- 17 Oct 2008Sold for $230,000
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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.
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