OFF MARKET

75 Observation Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 250m2
Land area: 717m2
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Property Details for 75 Observation Dr, Rye

75 Observation Dr, Rye is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 717m2 and floor size of 250m2. While the property is not currently for sale or for rent, it was last sold in April 2017.

Building Type
House
Year Built
1980
Floor Size
250m2
Land Size
717m2
Local Government
Mornington Peninsula
Lot/Plan
2/LP133169

Last Listing description (July 2024)

Perched atop a serene hillside, this property offers tranquil living just moments away from local amenities and the picturesque bay. Enjoy the peaceful ambience from your private balcony, which overlooks lush treetops. Inside, the spacious open-plan layout seamlessly integrates a modern kitchen with ample living space. Stay cozy year-round with your choice of gas ducted heating, a cozy coonara wood fire, or a convenient split system for heating and cooling. Three generous bedrooms include a master with walk-in robe and ensuite, while downstairs features a separate living or rumpus area that connects to a sunroom and decking-a perfect spot for gatherings with loved ones. Please be aware that the indoor spa is non-operational and currently covered and drained.

Property History for 75 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$690,000
01 Apr 2017
Listed for Rent
$500/w
04 Jul 2024
  • 10 May 2024
    Listed for Rent $500 / week
  • 11 Jan 2021
    Listed for Rent - Price not available
  • 14 Apr 2020
    Listed for Rent $500 / 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 9,999 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 8 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 318 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.