OFF MARKET

71 Andrea Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 117m2
Land area: 900m2
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Property Details for 71 Andrea St, Rye

71 Andrea St, Rye is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1985. The property has a land size of 900m2 and floor size of 117m2. While the property is not currently for sale or for rent, it was last sold in March 2015.

Building Type
House
Year Built
1985
Floor Size
117m2
Land Size
900m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP108190

Last Listing description (June 2015)

This quality home has been renovated to the highest of standards, and a lot of thought and consideration has gone in to the design and layout. In addition there is side access for a caravan or boat leading to a tremendous extra high custom built double lock up garage with work shop. This property is very low maintenance and would suit a busy growing family, early retiree, holiday home buyer or investor.
Located in within a short walk to the ocean; the home is situated on approx. 900sqm and includes:
-Three large bedrooms with built-in robes

-Two generous separate living areas
-Renovated kitchen with quality appliances and stone bench tops
-Direct access from dining to an undercover entertaining area
-Quality carpets and window dressings
-Gas ducted heating and Coonara log fire
Estimated return on this investment at approx. $400 per week on a permanent lease, or approx. $2500 per week peak season for a holiday rental.
Terms:
10% deposit, balance 30/60/90 days

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Property History for 71 Andrea St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$495,000
28 Mar 2015
  • 28 Mar 2015
    Sold for $495,000
  • 11 Dec 2014
    Listed for Sale Sold by Salliee Del Col $45,000 above reserve
  • 15 Apr 2003
    Sold for $248,000
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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 10,005 properties. Over the last 5 years, Houses in Rye have seen a 52.61% increase in median value, while Units have seen a 30.51% increase. As at 31 August 2024:

  • The median value for Houses in Rye is $1,047,892 while the median value for Units is $605,995.
  • Houses have a median rent of $590 while Units have a median rent of $450.
There are currently 79 properties listed for sale, and 10 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 304 properties were sold in the past 12 months in Rye.

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