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.
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.
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:
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