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Sold on 31 Aug 2024 for $470,000

4/56 Lyons Street
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 88m2
Land area: 135m2
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Property Details for 4/56 Lyons St, Rye

4/56 Lyons St, Rye is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1980. The property has a land size of 135m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 2 bedroom Unit sold in Rye in the last 12 months.

Building Type
Unit
Year Built
1980
Floor Size
88m2
Land Size
135m2
Local Government
Mornington Peninsula
Lot/Plan
4/PS547645

Last Listing description (September 2024)

Inviting a future brimming with boundless possibilities, this private 2-bedroom unit seamlessly combines today's convenience with a promising tomorrow. With its all-original interiors and light-filled footprint perfect for couples, the home's premium position presents local schools, good coffee and beautiful beaches all within easy walking distance.

Nestled amongst an immaculate garden setting, the retro interiors inspire easy coastal living with an open plan design featuring an immediate lounge and dining zone, and an all-original kitchen with a combined oven and electric cooktop, tiled splashback and ample cabinetry.

Comfortable proportions continue with two light-filled bedrooms and a main bathroom, while additional features include a wall air conditioning unit, gas wall heater, a private courtyard, immaculate frontage and a single garage. Set within steps of Rye Primary School and the shallows of Rye Beach, with world-class amenities including The Peninsula Hot Springs and The Dunes Golf Course only a short drive from home.

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Property History for 4/56 Lyons St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$470,000
31 Aug 2024
  • 31 Aug 2024
    Sold for $470,000
  • 30 Jun 2024
    Listed for Sale $440,000 - $480,000

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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.
There are currently 93 properties listed for sale, and 9 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 319 properties were sold in the past 12 months in Rye.

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