12 Observation Drive, Rye, VIC 3941 | House for sale | OnTheHouse
FOR SALE
$685,000-$730,000

12 Observation Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 766m2
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Unlock Its True Potential- Golden Opportunity

For those with imagination and ambition, this brick veneer residence presents an exciting opportunity to create something truly special tucked nicely in behind the township, within easy walking distance. This is a home where vision and effort will be rewarded, offering the chance to transform this home into a space that reflects your own style and aspirations. Perfect for first home buyers wanting a foothold into Ryes bustling real estate market or home renovators looking to build wealth. Set on a generous allotment of approx. 766m2 with ample room for a boat or caravan, the property provides flexibility rarely found at this entry point. Whether you are dreaming of expansive outdoor areas, enhanced storage or future extensions (STCA), the scope here is undeniable and ready to be explored. At the heart of the home sits an open plan kitchen, dining and living zone that forms a functional central hub. Three generously sized bedrooms are well positioned and serviced by a family sized bathroom, with a separate toilet for everyday convenience. Outside, the landscaping remains a blank slate, inviting you to design gardens and outdoor zones that bring your vision to life. From low maintenance surrounds to lush entertaining spaces, the opportunity to personalise every aspect of the outdoors is entirely yours. Within walking distance to Rye shops and Port Phillip Bay. Make no mistake, this property is being sold as is and represents a rare and honest opportunity. Ideal for a first home buyer with vision, a savvy renovator or a skilled tradie seeking their next passion project, this is a genuine sale where potential and possibility take centre stage. Proudly marketed by Crowders Real Estate.
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Property Details for 12 Observation Dr, Rye

12 Observation Dr, Rye is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 766m2. The place is currently for sale with Crowders Real Estate.

Building Type
House
Land Size
766m2
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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 2016 was 8416 people. By 2021 the population was 9438 showing a population growth of 12.1% 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 2021, 75.40% of the homes in Rye were owner-occupied compared with 71.60% in 2016.

Rye has 10,055 properties. Over the last 5 years, Houses in Rye have seen a 18.69% increase in median value, while Units have seen a 30.30% increase. As at 31 December 2025:

  • The median value for Houses in Rye is $1,022,079 while the median value for Units is $647,663.
  • Houses have a median rent of $593 while Units have a median rent of $493.
There are currently 75 properties listed for sale, and 10 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 353 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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Sam Crowder
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Narelle Crowder
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Crowders Real Estate
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.