230 Melbourne Road, Rye, VIC 3941 sold on 18 March 2025 | OnTheHouse
SOLD
Sold on 18 Mar 2025 for $701,000

230 Melbourne Road
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 123m2
Land area: 660m2
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Property Details for 230 Melbourne Rd, Rye

230 Melbourne Rd, Rye is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 660m2 and floor size of 123m2. While the property is not currently for sale or for rent, it was last sold in March 2025. There are other 3 bedroom House sold in Rye in the last 12 months.

Building Type
House
Year Built
1980
Floor Size
123m2
Land Size
660m2
Local Government
Mornington Peninsula
Lot/Plan
1405/LP41470

Last Listing description (May 2025)

All Offers in by 14h March 2025
Bordering Rye and Blairgowrie is this brick family home presenting a fantastic opportunity for first home buyers, families, and savvy investors alike. Boasting a generous corner block of 660M2 (approximately) with dual access from Melbourne Rd and Laurel Street, this property offers the potential for subdivision (STCA), adding to its appeal as a lucrative investment..

Indoors, there are three comfortable bedrooms, including a master bedroom with built-in robes, and ensuite. The family bathroom includes a bath, corner shower and single vanity, with separate toilet. Two further generous bedrooms, offer built in robes, and a small study is ideal for a games area or home office.

The kitchen provides ample space and storage with an upright gas cooker, pantry and full breakfast bar. The kitchen overlooks the family/meals area and leads to a formal lounge and dining area with access to the rear and front yard. Other original features include exposed timber ceiling beams, gas wall heater A/C.

Outdoors, a covered carport area/ BBq outdoor entertaining, ideal for accommodating one car or as a multipurpose area suitable for hosting gatherings with friends and family. There is plenty of accommodation for boats, caravans, and a double garage offers secure parking .

Property History for 230 Melbourne Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$701,000
18 Mar 2025
Listed for Rent
$320/w
21 Apr 2011
  • 18 Mar 2025
    Sold for $701,000
  • 20 Jan 2025
    Listed for Sale $600,000 - $650,000
  • 19 Sep 2024
    Listed for Sale Not Disclosed
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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 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 77 properties listed for sale, and 7 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 350 properties were sold in the past 12 months in Rye.

Suburb Insights for Rye 3941

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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.