OFF MARKET

99 Observation Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: 3
Floor area: 138m2
Land area: 947m2
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Property Details for 99 Observation Dr, Rye

99 Observation Dr, Rye is a 3 bedroom, 2 bathroom House with 3 parking spaces and was built in 1978. The property has a land size of 947m2 and floor size of 138m2. While the property is not currently for sale or for rent, it was last sold in July 2014.

Building Type
House
Year Built
1978
Floor Size
138m2
Land Size
947m2
Local Government
Mornington Peninsula
Lot/Plan
142/LP19188

Last Listing description (August 2014)

Set amongst undulating tea treed hills stands this much loved three bedroom residence with a warm homely atmosphere has all the right ingredients for a peaceful seaside escape. Enjoying generous living zones incorporating both formal and informal living area with the main open plan lounge complimented with a cosy coonara wood heater. A central kitchen timber kitchen delivers exceptional space along with generous storage, the master bedroom includes both walk in robe and full ensuite while each of the other two robed bedrooms share in the family bathroom. Relaxing will be easy on the expansive timber decking complete with district views, or tinker away in the workshop that easily double as a lock up garage. All found a generous 947m2 providing ample space for the veggie patch or kids to play while located a little over a kilometer from Rye central making for the perfect holiday escape or peaceful permanent home.

Property Code: 220

Property History for 99 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$392,000
30 Jul 2014
  • 30 Jul 2014
    Sold for $392,000
  • 14 Apr 2014
    Listed for Sale $399,500
  • 21 Apr 1996
    Sold for $115,000
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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 9,999 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 88 properties listed for sale, and 13 properties listed for rent in Rye on OnTheHouse. According to CoreLogic's data, 317 properties were sold in the past 12 months in Rye.

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