31 Gray Street, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

31 Gray Street
Rye VIC 3941

Bedrooms: 5
Bathrooms: 2
Car spaces: 8
Floor area: 218m2
Land area: 1070m2
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Property Details for 31 Gray St, Rye

31 Gray St, Rye is a 5 bedroom, 2 bathroom House with 8 parking spaces. The property has a land size of 1070m2 and floor size of 218m2. While the property is not currently for sale or for rent, it was last sold in August 2014.

Building Type
House
Floor Size
218m2
Land Size
1070m2
Local Government
Mornington Peninsula
Lot/Plan
2420/LP44560

Last Listing description (August 2014)

Perfect for a large family that needs lots of room inside and out, this home has been renovated to perfection creating a very functional private oasis on the Peninsula.

Consisting of 4 bedrooms plus study/5th bedroom, master with ensuite, kitchen with gas cook top/dishwasher and heaps of bench space, a huge living area/Rumpus room serviced by a wood heater and split system air-conditioner, central family bathroom and separate laundry.


Outside is perfect for entertaining with a new full length deck leading out to the Bali inspired gazebo with spa and split level lawn areas. There is a huge double garage/workshop and heaps of parking for a boat, caravan and trailers. Land size approx 1069sqm.

Additional features include ducted heating, 2 x 5000lt water tanks, 5.5 kilowatt solar system and home security system.

Potential for a lucrative holiday rental returning approx $2800pw during peak times.

Call now to arrange a private inspection or visit during advertised open times.

Property History for 31 Gray St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$535,000
01 Aug 2014
  • 01 Aug 2014
    Sold for $535,000
  • 17 Apr 2014
    Listed for Sale OFFERS OVER $550,000
  • 29 Aug 2010
    Sold for $410,000
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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 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 74 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.