1 Driftwood Avenue, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

1 Driftwood Avenue
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 106m2
Land area: 534m2
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Property Details for 1 Driftwood Ave, Rye

1 Driftwood Ave, Rye is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 534m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in June 2022.

Building Type
House
Floor Size
106m2
Land Size
534m2
Local Government
Mornington Peninsula
Lot/Plan
256/LP94253

Last Listing description (June 2022)

Ideally located on the Rye/ Blairgowrie border just a leisurely 850m stroll to the Tyrone Foreshore and pedestrian trail to Blairgowrie Village, this solidly built, retro retreat. Superbly situated on a gently rising North facing, low maintenance allotment it features: 3 bedrooms, full bathroom, separate laundry and toilet. A well presented kitchen and dining area leads into a separate lounge with gas-ducted heating throughout the house also. A freestanding single lock-up garage and carport provide all-weather storage for 2 cars. To be sold fully furnished this would definitely suit the investor buyer as a permanent rental or holiday rental property that is a turn-key solution. Set it and forget it and lock away for long term capital growth as well as the lifestyle benefits it offers.
Terms: 10% Deposit, Balance: 30 /60/ 90 Days.
Inspect as advertised or by private appointment.

For further details contact Michael Prentice 0417 369 235

Property History for 1 Driftwood Ave, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,150,000
10 Jun 2022
  • 10 Jun 2022
    Sold for $1,150,000
  • 17 May 2022
    Listed for Sale $1,100,000 to $1,200,000
  • 12 Feb 1999
    Sold for $97,500
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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 10,056 properties. Over the last 5 years, Houses in Rye have seen a 22.76% increase in median value, while Units have seen a 31.01% increase. As at 30 November 2025:

  • The median value for Houses in Rye is $1,011,841 while the median value for Units is $633,986.
  • Houses have a median rent of $593 while Units have a median rent of $490.
There are currently 76 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 346 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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Cotality Copyright and Legal Disclaimers about Property Data
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.