SOLD
Sold on 30 Sep 2024 for $890,000

48 Sussex Road
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: -
Floor area: 104m2
Land area: 843m2
Sold By
Jellis Craig Rye
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Property Details for 48 Sussex Rd, Rye

48 Sussex Rd, Rye is a 3 bedroom, 1 bathroom House. The property has a land size of 843m2 and floor size of 104m2. 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
104m2
Land Size
843m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP578244

Last Listing description (October 2024)

Elevated on a ridge, where spectacular views down a sweeping valley to Port Philip Bay in the North match the rugged beauty to Cape Schanck Lighthouse in the South, this stunning coastal home promises unparalleled privacy and serenity. Renovated to perfection, the three-bedroom residence invites a sense of calm, blending seamlessly with the surrounding native gardens that burst with seasonal colour. The open-plan living and dining areas, highlighted by gently raked ceilings and a slow-combustion wood heater, adjoin a country-style kitchen equipped with quality appliances, including an integrated Bosch dishwasher and intelligent storage solutions.

Perfect for entertaining, the living room flows effortlessly onto an enormous 7.8m x 6.9m covered deck, where lush green gardens and water views create a stunning backdrop to any occasion. Enclosed with transparent cafe blinds, it serves as an all-weather haven, extending to the well-maintained lawns and gardens with a veggie patch, fruit trees and a large out of view garden shed. Each of the three spacious bedrooms is bright and fitted with built-in robes, while the central bathroom features a bath and walk-in shower, and an additional powder room enhances convenience. A bonus insulated utility room of enormous dimensions offers flexibility as a recreation space, home office, or extra bedroom suite, with the potential to extend through the hallway to maximise on integrating the internal footprint.

Additional highlights include split system heating/cooling, a large laundry with ample storage, a 2500L water bladder under the deck with pump, and generous parking. Ideally located so close to Rye's vibrant foreshore precinct, renowned day spas, golfing, hot springs, freeway access, and excellent schools, this property encapsulates an enviable Peninsula lifestyle.

Property History for 48 Sussex Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$890,000
30 Sep 2024
Listed for Rent
$240/w
15 Oct 2009
  • 30 Sep 2024
    Sold for $890,000
  • 07 Aug 2024
    Listed for Sale $895,000 - $984,500
  • 14 Apr 2010
    Sold for $355,000
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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 94 properties listed for sale, and 10 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 321 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.