SOLD
Sold on 02 May 2024 for $1,285,000

7 Peter Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 110m2
Land area: 964m2
Sold By
Buxton Sorrento / Blairgowrie
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Property Details for 7 Peter St, Rye

7 Peter St, Rye is a 3 bedroom, 2 bathroom House and was built in 1980. The property has a land size of 964m2 and floor size of 110m2. While the property is not currently for sale or for rent, it was last sold in May 2024. There are other 3 bedroom House sold in Rye in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
110m2
Land Size
964m2
Local Government
Mornington Peninsula
Lot/Plan
3143/LP50981

Last Listing description (May 2024)

Nestled in the heart of Rye on a sizeable elevated allotment, just moments from the ocean and bay beaches and world-class day-spa district, this contemporary single-level home offers on-trend design, clean lines and an abundance of natural light.

Featuring three bedrooms with leafy garden views, two statement bathrooms, a sleek modern kitchen, expansive open plan living with polished hardwood timber flooring, flowing into an alfresco entertainment deck with majestic 'tree tops' views, the home seamlessly blends interior living functionality with a peaceful external vista of Japan-inspired landscaped gardens.

In recent times the property has received some major enhancements and upgrades, highlighted by the addition of a large (9m x 8m) multipurpose studio, equipped with quality flooring, wall-length mirrors, insulation and mood lighting. Originally intended as a yoga/exercise room in which to hold group classes and personal training sessions, this space can be utilised for a variety of purposes, including a children's living area, tradesman's workspace or artist's studio. The choice is yours!

For those who delight in relaxation a private wellness 'circuit' has been created, featuring a 6-person spa/jacuzzi, cedar wood barrel sauna and outdoor shower screened by lush bamboo. Servicing these facilities is an outdoor washroom and dual change rooms, as well as a recent upgrade from Phase 1 to Phase 3 electrical output. A substantial 10.89kw solar system has also been added to offset power consumption.

With a large driveway offering ample space for vehicles or even a boat, plus additional car parking along the property's nature strip, everything is fully set up for hosting visitors or even clients at your small home-based business. An automated front gate and pet-proofed fencing have also been installed for security and peace of mind.

Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.

Property History for 7 Peter St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,285,000
02 May 2024
Listed for Rent
$762/w
13 Apr 2023
  • 02 May 2024
    Sold for $1,285,000
  • 02 Apr 2024
    Listed for Sale Private Sale
  • 28 Mar 2023
    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 10,001 properties. Over the last 5 years, Houses in Rye have seen a 56.28% increase in median value, while Units have seen a 42.85% increase. As at 31 July 2024:

  • The median value for Houses in Rye is $1,064,595 while the median value for Units is $659,494.
  • Houses have a median rent of $580 while Units have a median rent of $450.
There are currently 77 properties listed for sale, and 19 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 313 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.