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Sold on 06 Sep 2024 for $825,000

4 Observation Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 94m2
Land area: 1026m2
Sold By
Prentice Real Estate Rye / Sorrento
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Property Details for 4 Observation Dr, Rye

4 Observation Dr, Rye is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 1026m2 and floor size of 94m2. While the property is not currently for sale or for rent, it was last sold in September 2024. There are other 3 bedroom House sold in Rye in the last 12 months.

Building Type
House
Floor Size
94m2
Land Size
1026m2
Local Government
Mornington Peninsula
Lot/Plan
196/LP19188

Last Listing description (September 2024)

Ideally located just a leisurely 800m stroll to Bay beach and Rye's vibrant village is this immaculately presented, tastefully refurbished residence privately situated on a generous 1,026m2 allotment. Imparting a warm, cosy feel upon entry it features: 3 bedrooms, updated bathroom, separate lounge with gas log fire, well-appointed host kitchen with breakfast bar and dining space that opens onto a spacious all-weather deck, the ideal place for entertaining or catching the afternoon sun with a good book and soaking up the serenity of truly natural surrounds. Offering under cover parking for 2 cars and ample off street guest parking this is a well-priced township offering not to be missed!

Property History for 4 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$825,000
06 Sep 2024
  • 06 Sep 2024
    Sold for $825,000
  • 13 May 2024
    Listed for Sale Not Disclosed
  • 29 May 2002
    Sold for $208,000
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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 10,004 properties. Over the last 5 years, Houses in Rye have seen a 52.61% increase in median value, while Units have seen a 30.51% increase. As at 31 August 2024:

  • The median value for Houses in Rye is $1,047,892 while the median value for Units is $605,995.
  • Houses have a median rent of $590 while Units have a median rent of $450.
There are currently 81 properties listed for sale, and 9 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 310 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.