12 Observation Dr, Rye is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 766m2.This Property is currently listed for sale with Crowders Real Estate
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. Not without the need for improving, 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 bedrooms are well positioned and serviced by a family sized bathroom (needing work per images) 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. 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.
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 10,057 properties. Over the last 5 years, Houses in Rye have seen a 8.39% increase in median value, while Units have seen a 14.03% increase. As at 28 February 2026:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
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.