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

47 Gray Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 3
Floor area: 95m2
Land area: 887m2
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Property Details for 47 Gray St, Rye

47 Gray St, Rye is a 3 bedroom, 1 bathroom House with 3 parking spaces and was built in 1980. The property has a land size of 887m2 and floor size of 95m2. While the property is not currently for sale or for rent, it was last sold in June 2025.

Building Type
House
Year Built
1980
Floor Size
95m2
Land Size
887m2
Local Government
Mornington Peninsula
Lot/Plan
2412/LP44560

Last Listing description (August 2025)

Tucked away at the end of a quiet cul-de-sac, just moments from 16s beach, the picturesque National Park trails and the ever popular 16s Beach General Store, this beautifully maintained single-level home delivers an unbeatable blend of comfort, space, and lifestyle appeal. Positioned on a generous 887m (approx.) allotment, its ideal for families, holidaymakers, or downsizers seeking a relaxed coastal retreat with room to grow.

Step inside to discover a light-filled living space complemented by gas heating and a split system reverse-cycle air conditioner for year-round comfort. The home features three well-proportioned bedrooms, a functional central bathroom, and a practical layout that flows seamlessly through to the expansive north-facing backyardbathed in sunlight and brimming with potential.

Whether youre entertaining friends, planning a pool addition, or simply enjoying the lush garden surrounds, the outdoor space is a true highlight. Car and boat lovers will also appreciate the flexibility of a single lock-up garage plus a separate oversized steel garage (6x9m) - perfect for additional vehicles, a caravan, boat or serious workshop space.

With its immaculate presentation and whisper-quiet setting, this property offers outstanding value and versatility in a sought-after pocket of Rye.

Key features:
Quiet court location close to 16s beach, the picturesque National Park trails and the ever popular 16s Beach General Store
Sunny 887m (approx.) block with north-facing backyard
Solid single-level brick home with three bedrooms
Light-filled living area with gas heating and split system reverse-cycle air conditioning
Low-maintenance gardens with scope to add a pool or extension
Single lock-up garage plus large separate steel garage/workshop (6x9m)
Immaculately maintained throughout
Fantastic potential for holiday use, permanent living or investment

Property History for 47 Gray St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$890,000
21 Jun 2025
  • 21 Jun 2025
    Sold for $890,000
  • 03 Jun 2025
    Listed for Sale $870,000 - $930,000
  • 18 May 2015
    Sold for $425,000
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About 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 10,061 properties. Over the last 5 years, Houses in Rye have seen a -19.08% decrease in median value, while Units have seen a -4.50% decrease. As at 31 August 2026:

  • The median value for Houses in Rye is $923,563 while the median value for Units is $633,054.
  • Houses have a median rent of $620 while Units have a median rent of $523.
There are currently 49 properties listed for sale, and 14 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 321 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.