42 Preston Street, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

42 Preston Street
Rye VIC 3941

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 720m2
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Property Details for 42 Preston St, Rye

42 Preston St, Rye is a 4 bedroom, 2 bathroom House and was built in 1950. The property has a land size of 720m2. While the property is not currently for sale or for rent, it was last sold in January 2025.

Building Type
House
Year Built
1950
Land Size
720m2
Local Government
Mornington Peninsula
Lot/Plan
1706/LP41474

Last Listing description (March 2016)

Wow, Wow, Wow, what a surprise this beautiful fully renovated home is!!! Situated in the sought after Tyrone Foreshore. The unassuming entrance leads you through to an open plan living area that has style written all over it, cosy warm and stylish. The home is light & bright with cathedral ceilings, gourmet kitchen with the very best Miele appliances, including a steam oven, filtered water, polished timber floors which flow out onto an enormous timber deck overlooking the tree tops. Also offering 3 bedrooms upstairs of which 2 have built in robes. Downstairs could be many things 2nd living area, 4th bedroom, art studio or even a self contained unit with access out to the picturesque garden. Extra features also include: 1200 ltr water tank, reverse cycle air conditioner, ceiling fans, and Nectre wood fire/oven. Huge shed, block size of 720sqm approx.
This property truly must be seen!!!!

Property History for 42 Preston St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$890,000
09 Jan 2025
  • 09 Jan 2025
    Sold for $890,000
  • 25 Feb 2016
    Sold for $521,050
  • 18 Feb 2016
    Listed for Sale OFFERS OVER $490,000
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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 10,057 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.