15 The Glen Rye VIC 3941
Property Details for 15 The Glen, Rye
15 The Glen, Rye is a 3 bedroom, 1 bathroom Unit and was built in 1960. The property has a land size of 1011m2 and floor size of 113m2. While the property is not currently for sale or for rent, it was last sold in December 2025. There are other 3 bedroom Unit sold in Rye in the last 12 months.
Last Listing description (March 2026)
Just a flat 700-metre stroll from the pristine shores of Port Phillip Bay and the scenic Foreshore Reserve, this rare offering combines lifestyle appeal with immediate income potential. Perfectly positioned close to Rye's vibrant township, cafes, shops, and local attractions, this is an opportunity not to be missed.Set on a generous, level allotment of approximately 1,011m, the property comprises three self-contained units all on a single title currently tenanted by long-term occupants. Unit 1 (original house): 3 bedrooms, 2 living areas Unit 2: 2 bedrooms Unit 3: 1-bedroom apartment (converted garage) Shared laundry and secure storage facility includedCurrently returning $38,000 per annum in rental income with scope for a substantial increase this property offers a solid yield, especially given that rental rates have not been reviewed in several years.With quality new homes being developed nearby, this property also presents the perfect opportunity for those looking to build their dream home. Enjoy consistent rental income while planning your future build a savvy way to offset holding costs during the pre-construction phase.Whether you're a seasoned investor seeking strong rental returns and long-term capital growth, or a lifestyle buyer with a vision for the future, this versatile property delivers unmatched potential in a highly sought-after location.
Property History for 15 The Glen, Rye, VIC 3941
- 03 Dec 2025Listed for Sale SOLD
- 03 Dec 2025Sold for $947,500
- 29 Jul 2025Listed for Sale $900,000 - $990,000
Recent sales nearby
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0About 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 10,058 properties. Over the last 5 years, Houses in Rye have seen a 4.03% increase in median value, while Units have seen a 13.43% increase. As at 31 March 2026:
- The median value for Houses in Rye is $1,014,366 while the median value for Units is $622,295.
- Houses have a median rent of $600 while Units have a median rent of $500.
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