5 Government Road, Rye, VIC 3941 | Property Value & History | OnTheHouse
 
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5 Government Road
Rye VIC 3941

Bedrooms: 4
Bathrooms: 2
Car spaces: 2
Floor area: 199m2
Land area: 888m2
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Last updated 6 Apr 2026
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Property Details for 5 Government Rd, Rye

5 Government Rd, Rye is a 4 bedroom, 2 bathroom House with 2 parking spaces and was built in 1985. The property has a land size of 888m2 and floor size of 199m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
House
Year Built
1985
Floor Size
199m2
Land Size
888m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP137973

Last Listing description (November 2023)

Take over this well established B&B investment, holiday retreat!

Located opposite the picturesque sandy shores in Rye on the Mornington Peninsula and be spoilt for choice, with restaurants, bars, cafes and shops, just a few steps away.

Walk through the grand entry that leads you down a wide central hall to an open plan living, dining and fully equipped kitchen space, complete with a large island bench, walk in pantry, dishwasher, servery and two double sliding doors that open to an amazing, great for entertaining, undercover area with built in BBQ kitchen, outdoor heating, and an extended deck that leads you out to the massive luxurious inground swimming pool and sauna.

Designed on one spacious level, offering two separate living areas, four large bedrooms, master with full ensuite that has a large shower, and a separate walk in robe. The other three bedrooms all with built in robes, a large central family bathroom with double vanity, floor to wall tiles, also with large shower and a deep bath for those more, much needed relaxing nights at home.

Double lock up garage, outdoor shower, camera alarm system, ducted heating, down lights throughout, ceiling fans in every room, and two split systems.

Get in quick to lock in this resort style, Hamptons chic design, beachside retreat!

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Property History for 5 Government Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$2,475,000
20 Jan 2022
  • 20 Jan 2022
    Sold for $2,475,000
  • 27 Nov 2021
    Listed for Sale $2,480,000 - $2,600,000
  • 18 Mar 2014
    Listed for Sale $700,000 (UNDER OFFER)
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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.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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.

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