3/7 Rex Avenue, Rye, VIC 3941 | Property Value & History | OnTheHouse
 
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3/7 Rex Avenue
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Floor area: 88m2
Land area: 160m2
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Property Details for 3/7 Rex Ave, Rye

3/7 Rex Ave, Rye is a 2 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1977. The property has a land size of 160m2 and floor size of 88m2. While the property is not currently for sale or for rent, it was last transferred in May 2014.

Building Type
Unit
Year Built
1977
Floor Size
88m2
Land Size
160m2
Local Government
Mornington Peninsula
Lot/Plan
3/RP13891

Last Listing description (September 2020)

This light filled, brick veneer, well maintained two bedroom unit is ideally located, 700 metres to the bay beach & Rye shops, offering abundance of peace and quiet with privacy.

Comprising two good sized bedrooms with built in robes, open plan living with well appointed kitchen includes a breakfast bar, two living areas, generous outdoor covered patio area and private backyard area with veggie patch.

Features include:

- Two living areas.
- Hardwood floors.
- Split system heating/cooling.
- Single remote lock up garage with internal access.
- No body corp.
- Extra single car space.
- Option to purchase fully furnished.

Perfect for the savvy investor, down-sizer, first home buyer or a low maintenance getaway.

Could achieve $300 per week as a permanent rental.

Opportunities like this don't come around very often.

Catherine is a Mornington Peninsula local specialist who lives in Rye, call Catherine for a private inspection 0434 492 535.

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Property History for 3/7 Rex Ave, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Transferred
02 May 2014
Listed for Rent
$260/w
14 Mar 2014
  • 08 May 2020
    Listed for Sale $400,000 - $430,000
  • 26 Apr 2019
    Listed for Sale $440,000
  • 05 Sep 2016
    Listed for Sale FORTHCOMING AUCTION
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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 10,056 properties. Over the last 5 years, Houses in Rye have seen a 13.34% increase in median value, while Units have seen a 29.10% increase. As at 31 January 2026:

  • The median value for Houses in Rye is $1,028,941 while the median value for Units is $628,019.
  • Houses have a median rent of $600 while Units have a median rent of $493.
There are currently 68 properties listed for sale, and 8 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 351 properties were sold in the past 12 months in Rye.

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Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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