49 Melbourne Rd, Rye is a 3 bedroom, 1 bathroom House. The property has a land size of 780m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
A great opportunity to create your own bespoke beach property or renovate the existing cottage to your liking. With an affordable entry level to the Mornington Peninsula, this property offers enormous potential.
Comprising 3 bedrooms, 1 bath, small galley kitchen opening to spacious living room.
Features incl: pitched ceiling with timber beams, polished boards throughout, S/S heating/cooling, solar panels, garden shed and double garage.
Set back from the road on a private fully fenced allotment of 780 sq mts and only 600 mts to the beach and Rye shopping precinct, this property would make an ideal investment.
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 10,005 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:
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