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

2/1 Richardson Street
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 70m2
Land area: 181m2
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Property Details for 2/1 Richardson St, Rye

2/1 Richardson St, Rye is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1970. The property has a land size of 181m2 and floor size of 70m2. While the property is not currently for sale or for rent, it was last sold in September 2023.

Building Type
Unit
Year Built
1970
Floor Size
70m2
Land Size
181m2
Local Government
Mornington Peninsula
Lot/Plan
2/RP5098

Last Listing description (September 2023)

Crafted to embody the essence of comfortable beachside living, this private two-bedroom retreat welcomes a stylish foundation for those seeking a secure coastal base for either permanent, short-stay or weekend enjoyment. Positioned only one block back from the sweeping Port Phillip Bay coastline, an enviable address puts Rye's cafe culture, famous walking tracks and retail practicalities all within a few short steps from home.

An open plan design atop hardwood timber floors places the kitchen central to both indoor and outdoor entertaining, with a Kleenmaid oven, cooktop and dishwasher presented alongside ample cabinetry. Whitewashed beamed ceilings carry a connection between the open living and dining zone, and the two bedroom accommodation, where rest and retreat is welcomed across light-filled proportions.

Boasting a generous covered deck for a home its size, the unit extends all-weather enjoyment with a rear yard ideal for the small family pet. With the addition of plantation shutters, split-system heating and cooling, light-filled central bathroom, a private front porch and single garage, this one of only three units welcomes a low-maintenance beachside lifestyle with sensational lock-and-leave appeal.

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

A timeline of how this property has performed in the market
Last Sold
$620,500
09 Sep 2023
Listed for Rent
$320/w
10 May 2018
  • 09 Sep 2023
    Sold for $620,500
  • 04 Sep 2023
    Listed for Sale $570,000 to $620,000
  • 23 Apr 2018
    Listed for Rent - Price not available
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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 29.69% increase in median value, while Units have seen a 49.75% increase. As at 31 October 2025:

  • The median value for Houses in Rye is $1,008,120 while the median value for Units is $546,821.
  • Houses have a median rent of $590 while Units have a median rent of $475.
There are currently 68 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 347 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.