4/73 Field StreetRye VIC 3941
Property Details for 4/73 Field St, Rye
4/73 Field St, Rye is a 8 bedroom, 4 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 893m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 8 bedroom Unit sold in Rye in the last 12 months.
Last Listing description (October 2024)
A rare opportunity with endless options, this unique property sits on a generous allotment of 893sqm (approx.).
The property includes four, two bedrooms units, nestled in the heart of Rye, this property is just moments away from pristine beaches and vibrant local attractions. Enjoy the convenience of nearby shopping precincts, gourmet dining options, and recreational facilities that cater to all ages. Rye Primary School and other reputable educational institutions are within easy reach, making it the perfect choice for savvy investors.
Unit 1,2,3 & 4 three are permanently rented at a yearly amount of $86,748 approx. an amazing return.
Unit 1 $2080 per calendar month or $24,960 per year approx.
Unit 2 $1738 per calendar month or $20,856 per year approx.
Unit 3 $1673 per calendar month or $20,076 per year approx.
Unit 4 $1738 per calendar month or $20,856 per year approx.
Each of the four units enjoys two generous bedrooms, open plan living and dining, fully equipped kitchens and bathroom with laundry facilities. Renovate as desired or redevelop (STCA), the options are endless.
Situated within walking distance of shops, schools and crystal blue waters, this is an ideal location with a fantastic return for astute investor.
Property History for 4/73 Field St, Rye, VIC 3941
- 18 Oct 2024Sold for $1,450,000
- 03 Sep 2024Listed for Sale $1,450,000 to $1,550,000
- 30 Apr 2024Listed for Rent $400 / week
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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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