SOLD
Sold on 04 Sep 2024 for $900,000

7 Shirlow Avenue
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 98m2
Land area: 791m2
Sold By
Prentice Real Estate Rye / Sorrento
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Property Details for 7 Shirlow Ave, Rye

Building Type
Land
Floor Size
98m2
Land Size
791m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP29547

Last Listing description (October 2024)

What an absolute gem! Ideally positioned a leisurely 200m to the sandy shores of Port Phillip Bay, bike and walking trail is this superbly flat, North facing residential allotment. Measuring a generous, useable 791m2 it is the ideal blank canvas to build your dream residence or coastal retreat and further capitalize on this prized location. Don't miss this one!

Property History for 7 Shirlow Ave, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$900,000
04 Sep 2024
  • 04 Sep 2024
    Sold for $900,000
  • 07 Aug 2024
    Listed for Sale $900,000 To $990,000
  • 24 Nov 2011
    Listed for Sale PRIOR OFFERS INVITED
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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 81 properties listed for sale, and 13 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 340 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.