11 Yera Crescent, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

11 Yera Crescent
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 81m2
Land area: 539m2
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Property Details for 11 Yera Cres, Rye

11 Yera Cres, Rye is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1990. The property has a land size of 539m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last sold in March 2020.

Building Type
House
Year Built
1990
Floor Size
81m2
Land Size
539m2
Local Government
Mornington Peninsula
Lot/Plan
1005/LP63150

Last Listing description (April 2020)

This immaculately presented 3-bedroom property is situated in a quiet leafy Crescent and is surrounded by lovely established gardens on a low maintenance allotment of land. Currently a very successful holiday rental property generating $57,500 per annum, it represents an outstanding positively geared return to the astute investor looking to grow their portfolio. With the Mornington Peninsula being the premier holiday destination with all that it offers at your doorstep - pristine bay and ocean beaches, world class wineries & golf courses and only a few minutes to the Rye Township. Featuring a well-appointed kitchen with S/S appliances (inc dishwasher), modern bathroom (with sep bath and shower), gas fireplace and split system air-con, covered outdoor entertaining area plus a garden shed. Offered as a "turn key" proposition for a seamless transition for the successful continuation of this outstanding investment venture - with revenue, forward booking and inventory schedules available upon request. Private Inspection Only due to multiple on-going forward booking is essential.

Property History for 11 Yera Cres, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$620,000
23 Mar 2020
  • 23 Mar 2020
    Sold for $620,000
  • 20 Jan 2020
    Listed for Sale $650,000
  • 23 Sep 2016
    Sold for $428,500
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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 74 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.