48 Sussex Road, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

48 Sussex Road
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Floor area: 104m2
Land area: 844m2
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Property Details for 48 Sussex Rd, Rye

48 Sussex Rd, Rye is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 844m2 and floor size of 104m2. While the property is not currently for sale or for rent, it was last sold in September 2024.

Building Type
House
Floor Size
104m2
Land Size
844m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP578244

Last Listing description (October 2024)

Elevated on a ridge, where spectacular views down a sweeping valley to Port Philip Bay in the North match the rugged beauty to Cape Schanck Lighthouse in the South, this stunning coastal home promises unparalleled privacy and serenity. Renovated to perfection, the three-bedroom residence invites a sense of calm, blending seamlessly with the surrounding native gardens that burst with seasonal colour. The open-plan living and dining areas, highlighted by gently raked ceilings and a slow-combustion wood heater, adjoin a country-style kitchen equipped with quality appliances, including an integrated Bosch dishwasher and intelligent storage solutions.

Perfect for entertaining, the living room flows effortlessly onto an enormous 7.8m x 6.9m covered deck, where lush green gardens and water views create a stunning backdrop to any occasion. Enclosed with transparent cafe blinds, it serves as an all-weather haven, extending to the well-maintained lawns and gardens with a veggie patch, fruit trees and a large out of view garden shed. Each of the three spacious bedrooms is bright and fitted with built-in robes, while the central bathroom features a bath and walk-in shower, and an additional powder room enhances convenience. A bonus insulated utility room of enormous dimensions offers flexibility as a recreation space, home office, or extra bedroom suite, with the potential to extend through the hallway to maximise on integrating the internal footprint.

Additional highlights include split system heating/cooling, a large laundry with ample storage, a 2500L water bladder under the deck with pump, and generous parking. Ideally located so close to Rye's vibrant foreshore precinct, renowned day spas, golfing, hot springs, freeway access, and excellent schools, this property encapsulates an enviable Peninsula lifestyle.

Property History for 48 Sussex Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$890,000
30 Sep 2024
Listed for Rent
$240/w
15 Oct 2009
  • 30 Sep 2024
    Sold for $890,000
  • 07 Aug 2024
    Listed for Sale $895,000 - $984,500
  • 14 Apr 2010
    Sold for $355,000
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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 10,054 properties. Over the last 5 years, Houses in Rye have seen a 18.69% increase in median value, while Units have seen a 30.30% increase. As at 31 December 2025:

  • The median value for Houses in Rye is $1,022,079 while the median value for Units is $647,663.
  • Houses have a median rent of $593 while Units have a median rent of $493.
There are currently 77 properties listed for sale, and 11 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 349 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.