32 Fairhills DriveRye VIC 3941
Property Details for 32 Fairhills Dr, Rye
32 Fairhills Dr, Rye is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 866m2. While the property is not currently for sale or for rent, it was last sold in June 2026. There are other 4 bedroom House sold in Rye in the last 12 months.
Last Listing description (June 2026)
AUCTION THIS SATURDAY AT 11AM-OPEN FROM 10.30AM
The situation is straightforward: the property is subject to a Mornington Peninsula Shire Council Building Order, issued as structural alterations and additions - including decking to both the east and west elevations - were carried out without building permits. The Council has issued a Stop Work Order. The incoming owner will need to either engage a private building surveyor to certify and rectify the works, or demolish and rebuild the unpermitted structures with proper approval.
For those who know what they're doing, this is exactly the kind of project that delivers strong returns.
Perched in an elevated position with great views across the Peninsula, this 4-bedroom, 2-bathroom home presents a rare opportunity for builders, investors, and savvy buyers ready to unlock serious potential.
The property is partially complete with the hard work already underway - bathrooms are fully tiled, and the master bedroom features a walk-in robe and ensuite. The bones are here, the views are real, and the upside is undeniable.
Highlights:
4 bedrooms | 2 bathrooms
Elevated block with great views
Bathrooms tiled, master with WIR & ensuite(unfinished)
Partially completed - scope to finish to your own standard
Council Building Order & Stop Work Order in place - full transparency
Mortgagee sale - must be sold unconditionally at auction
Buyers are advised to conduct full due diligence prior to bidding. Building Order documentation available in section 32.
10% deposit, 30/60/90 days
Property History for 32 Fairhills Dr, Rye, VIC 3941
- 27 Jun 2026Sold for $611,000
- 02 Jun 2026Listed for Sale $599,000 - $658,000
- 17 Mar 2024Sold for $550,000
Recent sales nearby
See more recent sales nearby/assets/perm/ogeto3iq54i65gclk66rslu6lu?signature=8e889b5e684e6905e91c95d8556ef3db8dc207aa719d9ab54a505816db018bf0){kind=logo}
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0About Rye 3941
The size of Rye is approximately 17.7 square kilometres. There are 16 parks, covering nearly 14.3% of the 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 10,062 properties. Over the last 5 years, Houses in Rye have seen a -4.84% decrease in median value, while Units have seen a 8.82% increase. As at 31 May 2026:
- The median value for Houses in Rye is $983,842 while the median value for Units is $653,474.
- Houses have a median rent of $600 while Units have a median rent of $523.
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