127 Melbourne Road, Rye, VIC 3941 sold on 02 May 2025 | OnTheHouse
SOLD
Sold on 02 May 2025 for $705,000

127 Melbourne Road
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Save

Property Details for 127 Melbourne Rd, Rye

127 Melbourne Rd, Rye is a 3 bedroom, 2 bathroom House with 1 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 3 bedroom House sold in Rye in the last 12 months.

Building Type
House
Year Built
1960
Local Government
Mornington Peninsula
Lot/Plan
775/LP53790

Last Listing description (September 2022)

Coastal Charmer

This property is presented in its celebrated and renowned original condition and located in one of Rye's most highly sought-after positions - Just a short leisurely walk from the local favorite Penni Ave Distillery, Rye Football Club/Gym and Cafes.

Offering a double-storey illustrious home that opens up to a spacious interior comprising a living room, dining area, kitchen, bathroom, study nook and a light filled bedroom; zoned to the second storey of the property is a second living room, an outdoor decked area, master bedroom with ensuite including a second toilet and a separate walk-in wardrobe/dressing room. Sitting on a generously sized allotment of 592sqm (approx.) of beautifully maintained and established gardens, this property offers fantastic potential for further renovations and additions.


Centrally located and surrounded by Moonah and Ti-trees, sitting in one of the Mornington Peninsula's most coveted coastal locations for its privacy and tranquility. This property is surrounded by lifestyle and retail amenities, from the pristine bay and surf beaches, premier golf courses, corner cafes and the famous Peninsula Hot Springs, to name a few - and just over a one-hour drive from Melbourne's CBD.

Further features include but are not limited to an original butler's pantry, separate outdoor garage, ample parking space with plenty of room for the necessary lifestyle extras (cars, boats, caravans etc.), plenty of extra storage space throughout the home, a huge balcony/outdoor decked area with scenic outlooks, beautifully maintained gardens and established trees to the front and backyards, elevated privacy and seclusion.

Being offered to the market via private sale, this truly is an excellent opportunity to purchase a seaside home in a leading holiday destination. Call now, as I don't expect this property to last long!

Property History for 127 Melbourne Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$705,000
02 May 2025
  • 16 Aug 2022
    Sold - Price Undisclosed
  • 29 Jun 2022
    Listed for Sale $685,000 to $750,000
Commute Calculator

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 10,054 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 78 properties listed for sale, and 7 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

Market Insights
Rye Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Rye Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.