OFF MARKET

86 Michael Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 108m2
Land area: 890m2
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Last updated 18 Nov 2024
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Property Details for 86 Michael St, Rye

86 Michael St, Rye is a 3 bedroom, 1 bathroom House with 3 parking spaces. The property has a land size of 890m2 and floor size of 108m2. While the property is not currently for sale or for rent, it was last sold in March 2021.

Building Type
House
Floor Size
108m2
Land Size
890m2
Local Government
Mornington Peninsula
Lot/Plan
PC366243

Last Listing description (May 2021)

Set amongst a bevy of contemporary homes and located within an easy walk to bay beach is this relaxed coastal weekender or permanent home. Adorned with soaring ceilings and clerestory windows, the substantial and generous main living zone gives a wonderful sense of space by connecting inside with outside, via large banks of glass whilst a large kitchen with plenty of storage and bench space serves as a central hub for all the family. Comprising 3 large bedrooms all with BIR's , with the main sharing a central bathroom complete with shower toilet and vanity. Additional features include split system heating and cooling along with feature gas fire, additional second toilet, large powered steel shedding for storage and double carport. Location and lifestyle is assured from this well maintained holiday pad. Inspection as advertised or by appointment.

Property History for 86 Michael St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$995,000
24 Mar 2021
  • 24 Mar 2021
    Sold for $995,000
  • 10 Mar 2021
    Listed for Sale $875,000-$950,000
  • 05 Feb 2006
    Sold for $325,000
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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 9,998 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 91 properties listed for sale, and 9 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 319 properties were sold in the past 12 months in Rye.

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