2/1 Michael Street, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

2/1 Michael Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: 1
Floor area: 156m2
Land area: 485m2
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Property Details for 2/1 Michael St, Rye

2/1 Michael St, Rye is a 3 bedroom, 2 bathroom Townhouse with 1 parking spaces. The property has a land size of 485m2 and floor size of 156m2. While the property is not currently for sale or for rent, it was last sold in September 2019.

Building Type
Townhouse
Floor Size
156m2
Land Size
485m2
Local Government
Mornington Peninsula
Lot/Plan
2/SP22366

Last Listing description (September 2019)

Beach lovers will be in awe of this property's position where within only a few moments stroll you can have your toes planted in the golden sands and glistening waters of Tyrone Foreshore.
Charmingly presented, the dwelling is ground level and comprises three bedrooms, two bathrooms and soaring cathedral ceilings with contrasting exposed beams adding a dramatic tone throughout.
Inside begins with a welcoming and spacious living and dining area which evokes a sense of relaxed beachside tranquillity. The kitchen is well appointed and functional with a galley style design and an abundance of cabinetry and bench space. A wood coonara, split system air-conditioning and ceiling fan ensure the living spaces can be comfortably enjoyed year-round.

Moving outside to a paved backyard where privacy beckons amongst lovely tiered garden beds. This is the perfect spot to entertain or just relax to the sound of waves lapping against the foreshore.
To the centre of the home a long hallway leads invitingly to two generous bedrooms with built in robes and ceiling fans, along with a central sparkling bathroom. The master bedroom features a striking bay window, ensuite, ceiling fan and generous cupboard space.
Rounding out the features of this delightful property include solar panels, mains sewerage and lock up garage.
1 Michael Street is the home of two dwellings, with 2/1 Michael Street positioned at the rear of the block. Separated by a garden wall for privacy, each dwelling has its own title with no body corporate or fees.
A fantastic home which provides all the elements for a relaxing and comfortable beachside getaway or holiday rental.
Features:
Land size approximately 485 sq m
Less than 200m walk to Tyrone Foreshore
Soaring cathedral ceilings
Established low maintenance tiered gardens
Wood coonara
Split system air-conditioning
Solar panels
Mains sewerage
Lock up garage

Property History for 2/1 Michael St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$750,000
03 Sep 2019
  • 03 Sep 2019
    Sold for $750,000
  • 17 Mar 2019
    Listed for Sale Not Disclosed
  • 04 Nov 1991
    Sold for $94,000
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About Rye 3941

The size of Rye is approximately 17.7 square kilometres. There are 16 parks, covering nearly 14.3% of the 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 10,061 properties. Over the last 5 years, Houses in Rye have seen a -19.08% decrease in median value, while Units have seen a -4.50% decrease. As at 31 August 2026:

  • The median value for Houses in Rye is $923,563 while the median value for Units is $633,054.
  • Houses have a median rent of $620 while Units have a median rent of $523.
There are currently 49 properties listed for sale, and 14 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 320 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.