SOLD
RECENT ADVICE
Sold on 30 Nov 2024 for $892,500

60 Preston Street
Rye VIC 3941

Bedrooms: 4
Bathrooms: 3
Car spaces: 2
Floor area: 109m2
Land area: 720m2
Sold By
YPA Estate Agents Rye
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Property Details for 60 Preston St, Rye

60 Preston St, Rye is a 4 bedroom, 3 bathroom House with 2 parking spaces and was built in 1976. The property has a land size of 720m2 and floor size of 109m2. While the property is not currently for sale or for rent, it was last sold in November 2024. There are other 4 bedroom House sold in Rye in the last 12 months.

Building Type
House
Year Built
1976
Floor Size
109m2
Land Size
720m2
Local Government
Mornington Peninsula
Lot/Plan
1642/LP41473

Last Listing description (December 2024)

Discover coastal living at its finest in this thoughtfully designed two-level residence, perfectly positioned to capture stunning northern treetop views towards the bay. Uniquely set back approximately 35 meters from the property boundary, this rare offering provides an exceptional street presence and private frontage. Set on a generous 720m? block, this home offers the perfect blend of space, comfort, and contemporary coastal lifestyle.

Key Features

Living Spaces

? Expansive open-plan living and dining area bathed in natural light.
? Modern updated kitchen with gas cooktop.
? Additional family room on lower level.
? Gas fireplace for cozy winter evenings.

Outdoor Living & Gardens

? Established fruit trees including Fig, Lemon, and Crab Apple.
? Thriving vegetable garden for the home gardener.
? Low-maintenance landscaping.
? Generous outdoor spaces.

Accommodation

? 3-4 bedrooms (flexible fourth bedroom/study option).
? 2 bedrooms with private ensuites.
? Additional full bathroom.
? Separate powder room for guests.
? Oversized bedrooms with plush carpeting.

Development Potential

? Rare 35*m setback from street frontage.
? Potential for sea views with increased building height (Subject to Council Approval).
? Generous land size offering future enhancement opportunities.

Comfort & Convenience

? Newly installed split system heating and cooling throughout.
? Single lock-up garage.
? Carport with additional space for boat/caravan.
? Newly laid pebble driveway.
? Low-maintenance design.

Location Highlights

? Prime position near bay and ocean beaches.
? Easy access to Rye Village.
? Surrounded by local amenities.
? Sought-after coastal neighbourhood.

Investment Potential

? Ideal for permanent residence.
? Strong holiday rental prospects.
? Attractive long-term rental opportunity.

Property Specifications

? Land size: Approximately 720m?.
? Street setback: Approximately 35m.
? Building: Two levels.
? Parking: Garage, carport, plus additional vehicle space.
? Views: Northern aspect with treetop vistas towards the bay, potential sea views (STCA).

*All measurements and distances are approximate.

Property History for 60 Preston St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$892,500
30 Nov 2024
Listed for Rent
$600/w
22 May 2023
  • 30 Nov 2024
    Sold for $892,500
  • 01 Nov 2024
    Listed for Sale AUCTION THIS SATURDAY AT 11:00AM
  • 29 Jul 2024
    Listed for Rent $650 / 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 10,020 properties. Over the last 5 years, Houses in Rye have seen a 46.19% increase in median value, while Units have seen a 40.55% increase. As at 30 November 2024:

  • The median value for Houses in Rye is $1,033,885 while the median value for Units is $697,628.
  • Houses have a median rent of $595 while Units have a median rent of $480.
There are currently 83 properties listed for sale, and 12 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 342 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.