OFF MARKET

66 Weeroona Street
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: 4
Floor area: 98m2
Land area: 796m2
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Property Details for 66 Weeroona St, Rye

66 Weeroona St, Rye is a 2 bedroom, 1 bathroom House with 4 parking spaces and was built in 1960. The property has a land size of 796m2 and floor size of 98m2. While the property is not currently for sale or for rent, it was last sold in November 2021.

Building Type
House
Year Built
1960
Floor Size
98m2
Land Size
796m2
Local Government
Mornington Peninsula
Lot/Plan
86/LP19188

Last Listing description (November 2022)

Auction Location: Online.

Perched up high with sweeping views of the bay, Arthurs Seat and the Peninsula hinterland is this rare opportunity to secure a modern family home or holiday home with the benefit of the original dwelling streetside.

To the rear of the generous allotment of almost 800 sqm is a modern three-bedroom dwelling over two levels. On the entry level two large bedrooms are offered which are service by a sparkling central bathroom and a neat Euro style laundry.

Arising to the main level, you will undoubtedly be 'wowed' by the open plan living area which spills effortlessly onto the huge al fresco deck, with room for the dining table, outdoor sofa selection and BBQ.

Offering jaw dropping 180 degree views, this is the perfect place to spend your summers entertaining family and friends.

The smart kitchen offers electric cooking, dishwasher and plenty of cupboard space, the area is temperature controlled by a split system air-conditioner. On the split upper level you will find the master bedroom with built in robes and large family bathroom.

To the front of the property is the original home offering two large bedrooms with built in robes, open plan living and kitchen area with free standing gas cooktop and electric oven. There is also a separate dining room which flows onto an alfresco deck.

Previously rented $16,000 per annum this provides the opportunity to renovate and let out as a long or short term accommodation, to accommodate parents or for the tweens wanting their own place while mum and dad keep an eye on them.

The vendors have advised that the modern building with views had achieved the following amounts through short term rentals:
Jan 2021 to current - $16,102.67
Jan 2020 to Dec 2020 - $31,504.69
Jan 2019 to Dec 2019 - $38,566.48

With international and state boarders likely to be restricted in the coming years, the demand is going to continue for quality accommodation.
This property will appeal to investors looking to get twice the bang for their buck, home owners looking to generate additional income and renovators alike.

Property History for 66 Weeroona St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,239,000
12 Nov 2021
Listed for Rent
$310/w
30 Jul 2020
  • 12 Nov 2021
    Sold for $1,239,000
  • 19 Oct 2021
    Listed for Sale Under Contract
  • 23 Jul 2020
    Listed for Rent - Price not available
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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 9,998 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 91 properties listed for sale, and 9 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 319 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.