SOLD
Sold on 30 May 2024 for $1,350,000

5 Forbes Street
Rye VIC 3941

Bedrooms: 4
Bathrooms: 3
Car spaces: 1
Floor area: 101m2
Land area: 808m2
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Property Details for 5 Forbes St, Rye

5 Forbes St, Rye is a 4 bedroom, 3 bathroom House with 1 parking spaces and was built in 2007. The property has a land size of 808m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 4 bedroom House sold in Rye in the last 12 months.

Building Type
House
Year Built
2007
Floor Size
101m2
Land Size
808m2
Local Government
Mornington Peninsula
Lot/Plan
13/LP111291

Last Listing description (June 2024)

INSPECT BY APPOINTMENT ONLY
Premium finishes, lashings of light and a sublime coastal aesthetic are the hallmarks of this home. Moments from Number 16 beach, hot springs and world-class golf courses, this contemporary abode complete with self-contained guest quarters is ideal as a permanent dwelling with 'bed and breakfast' side business, holiday escape for extended family and friends or dual living plan. Upon entry to the main house, you are immediately elated with a luminous open-concept design featuring a modern, monochromatic kitchen with window servery, corner dining area with bespoke wall seating and lounge with local limestone gas log fire. Broad front and rear, private decks basking in east/west facing aspects provide additional space for family gatherings, entertaining or quiet relaxation. From the main living zone, three generous bedrooms with built-in robes, including master with high-end ensuite, decadent bathroom and laundry have been meticulously finished with the same level of detail as the rest of the property. Italian travertine tiles, stone benchtops, brushed brass tapware, engineered oak floors, VJ wall panelling and custom cabinetry hint at the level of luxe awaiting in this seaside haven. On the lower level, fringed by an alfresco terrace and sprawling lawn, the picturesque studio with independent entrance boasts a flowing kitchenette, meals and living area, bedroom and plush ensuite. Additional inclusions: putting green, rear gate access to adjacent reserve, under-house storage, tandem carport, huge parking bay and split system air-conditioning.

Property History for 5 Forbes St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,350,000
30 May 2024
  • 30 May 2024
    Sold for $1,350,000
  • 13 Mar 2024
    Listed for Sale $1,450,000 - $1,550,000
  • 25 Dec 2013
    Listed for Sale $490,000
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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.