28 Government Road, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

28 Government Road
Rye VIC 3941

Bedrooms: 4
Bathrooms: 1
Car spaces: 2
Floor area: 101m2
Land area: 910m2
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Property Details for 28 Government Rd, Rye

28 Government Rd, Rye is a 4 bedroom, 1 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 910m2 and floor size of 101m2. While the property is not currently for sale or for rent, it was last sold in December 2015.

Building Type
House
Year Built
1950
Floor Size
101m2
Land Size
910m2
Local Government
Mornington Peninsula
Lot/Plan
174/LP5989

Last Listing description (January 2016)

RYE'S MOST VERSATILE PROPERTY - Properties such as this seldom come up for sale. This particular property has been owned by the one family for more than 40 years. It has served its purpose admirably and it's now time for new owners to take the reins and possibly enjoy it for the next 40 years. With the beach and shops only 350m (approx) away you can walk to both in a few minutes and best of all there are no hills. The block itself is a beauty. It is approximately 915sm. with a nice wide frontage allowing for access either side of the house for boats, vans or other toys. There is also a separate bungalow, garage and a very well used cubby. The house itself is a classic. There's something about it that just makes you smile. The original vintage, block fronted house has certainly stood the test of time. It still presents very well and is up to the challenge for years to come. Consisting of 2 bedrooms, original lounge with an open fire place, retro kitchen and second open plan living/dining. There is another room currently used as a 3rd bedroom that was the original kitchen and could be a 3rd living room or continue as a 3rd bedroom.
This is one of very few areas in Rye that have sub divisional potential (STCA).
The potential uses for this property are many and include holiday home, permanent dwelling, investment (permanent or holiday rental) or subdivision/redevelopment (STCA).

The Peninsula has literally come alive since East Link and the Frankston By-pass opening. We are now less than an hours drive to the city and suburbs. People are recognizing this and moving down to live the amazing Peninsula lifestyle.
Our vendors have made the commitment to sell and have set a realistic reserve.
This is a delightful property that has been an important part of Rye for generations.
Inspect with total confidence then bid with enthusiasm. You may not get the chance for another 40 years.

Property History for 28 Government Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$590,000
05 Dec 2015
  • 05 Dec 2015
    Sold for $590,000
  • 29 Oct 2015
    Listed for Sale AUCTION - EPR $550,000 plus
  • 14 Oct 2008
    Transferred
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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 10,057 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.
There are currently 73 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 342 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.