51 Preston StreetRye VIC 3941
Property Details for 51 Preston St, Rye
51 Preston St, Rye is a 3 bedroom, 2 bathroom House with 2 parking spaces and was built in 1970. The property has a land size of 711m2 and floor size of 114m2. While the property is not currently for sale or for rent, it was last sold in November 2019.
Last Listing description (September 2019)
A wonderful opportunity exists to purchase this beautifully presented holiday residence on a lovely flat allotment of land, in a sought-after location, close to the popular Tyrone Foreshore beach, and only a few minutes to either the Rye or Blairgowrie villages. Currently operated as a highly successful holiday rental property for the last 12 years with a proven track record income with exceptional rental returns(figures available on request). The property can be secured with all forward bookings, furniture, inventory and all website information, to seamlessly continue the excellent income stream. With not a cent to spend, nor a thing to do, the successful purchaser will secure a wonderful positively geared asset from the outset. Featuring 3 generous sized bedrooms plus a 4th bunkroom, excellent open plan living space, large functional kitchen (with dishwasher), feature gas fireplace and split system heating/air conditioning, great alfresco entertaining area and all on a fully fenced block with a great safe backyard for the kids. All the creature comforts are catered for to ensure year-round enjoyment for you and your ongoing holiday rental guests. A unique investment opportunity awaits!
Property History for 51 Preston St, Rye, VIC 3941
- 02 Nov 2019Sold for $648,000
- 23 Sep 2019Listed for Sale $625,00-$685,000
- 31 Oct 2006Sold for $280,250
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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 10,058 properties. Over the last 5 years, Houses in Rye have seen a 8.39% increase in median value, while Units have seen a 14.03% increase. As at 28 February 2026:
- The median value for Houses in Rye is $1,019,442 while the median value for Units is $630,850.
- Houses have a median rent of $600 while Units have a median rent of $510.
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