OFF MARKET

7 Fairway Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 77m2
Land area: 743m2
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Property Details for 7 Fairway Dr, Rye

7 Fairway Dr, Rye is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1983. The property has a land size of 743m2 and floor size of 77m2. While the property is not currently for sale or for rent, it was last sold in November 2018.

Building Type
House
Year Built
1983
Floor Size
77m2
Land Size
743m2
Local Government
Mornington Peninsula
Lot/Plan
136/LP42641

Last Listing description (November 2018)

Sweet seaside retreat to make your own
Providing all the essentials for hassle-free coastal getaways surrounded by bay and surf beaches, this classic three-bedroom seaside retreat delivers an affordable opportunity to secure your own southern peninsula sanctuary and make it your own.

Cocooned in total tranquility among 743m2 (approx) of native gardens with ample room to extend (STCA), the timber cottage is sided by long front and rear verandas to pitch the hammocks between the pillars and let the balmy coastal breezes lull you into an afternoon nap after invigorating mornings in the surf.
Simply luminous with walls of glass on either side, the open-concept tiled living and dining area with wood heater and split-system is supplemented by a tidy original kitchen with electric cooktop, while the rear garden is lightly shaded by mature moonahs and provides plenty of leafy locales for kids to explore.
Adorned with plush as-new carpeting, fresh tones and rollerblinds, the three bedrooms down the hall provide home-style comfort, with a tidy original bathroom offering scope for an update to add equity in the future.
Just three minutes drive to Rye town centre, this sweet surfer s sanctuary could be yours by summer for low maintenance getaways, a contemporary renovation or redevelopment (STCA) into a luxury coastal home.

Property History for 7 Fairway Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$550,000
10 Nov 2018
Listed for Rent
$300/w
03 Oct 2017
  • 10 Nov 2018
    Sold for $550,000
  • 10 Oct 2018
    Listed for Sale $535,000 - $585,000
  • 15 Sep 2017
    Listed for Rent $300 / 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 10,000 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 93 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.