5 Prentice Avenue, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

5 Prentice Avenue
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
Floor area: 106m2
Land area: 755m2
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Property Details for 5 Prentice Ave, Rye

5 Prentice Ave, Rye is a 3 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 755m2 and floor size of 106m2. While the property is not currently for sale or for rent, it was last sold in June 2024.

Building Type
House
Floor Size
106m2
Land Size
755m2
Local Government
Mornington Peninsula
Lot/Plan
238/LP41172

Last Listing description (September 2024)

Nestled in the serene and picturesque Rye, this impeccably maintained 3 bedroom 2 bathroom single-level gem sitting on 753m2 corner allotment, beckons with the promise of a lifetime of cherished memories.

The home opens to single-level ease, with two separate living areas and a central, well-appointed kitchen including pantry, dishwasher & wall oven. Gently vaulted, timber ceilings beautifully reflect the natural light and overall warmth, with generous windows providing a tranquil connection to the garden from every room. Split system air conditioning providing comfort over summer, whilst a wall gas heater keeps the whole home toasty over the cooler months. Outside, beautifully maintained low maintenance native gardens, with room for a pool (STCA).

Whether you are looking for your forever home, a holiday escape, or a renovation project that will yield incredible rewards, this property offers endless possibilities for the discerning buyer. With the promise of a potential treetop aspect all the way to the Bay, your future here is blessed with the opportunity to renovate and extend (STCA), maximising the potential views and making them uniquely your own. This blank canvas invites a creative buyer to transform this home into a dream coastal sanctuary.

Just moments away from pristine beaches, renowned wineries, exceptional dining, and all the delights this coastal paradise has to offer. Don't miss your chance to own a piece of coastal paradise in one of the most sought-after locations on the Mornington Peninsula.
It's not just a home; it's a lifestyle.

Property History for 5 Prentice Ave, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$825,000
29 Jun 2024
  • 29 Jun 2024
    Sold for $825,000
  • 07 Sep 2023
    Listed for Sale AUCTION $800,000 - $880,000
  • 20 Jul 2003
    Transferred
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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 10,056 properties. Over the last 5 years, Houses in Rye have seen a 22.76% increase in median value, while Units have seen a 31.01% increase. As at 30 November 2025:

  • The median value for Houses in Rye is $1,011,841 while the median value for Units is $633,986.
  • Houses have a median rent of $593 while Units have a median rent of $490.
There are currently 76 properties listed for sale, and 6 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 347 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.