53 Iolanda Street, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

53 Iolanda Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 96m2
Land area: 979m2
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Property Details for 53 Iolanda St, Rye

53 Iolanda St, Rye is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1980. The property has a land size of 979m2 and floor size of 96m2. While the property is not currently for sale or for rent, it was last sold in September 2020.

Building Type
House
Year Built
1980
Floor Size
96m2
Land Size
979m2
Local Government
Mornington Peninsula
Lot/Plan
1/TP114887

Last Listing description (September 2020)

53 Iolanda Street, Rye is located minutes to the highly desired Tyrone Foreshore and Rye shopping district, offering huge potential for renovations and additions.

This single level home opens up to a spacious interior compromising of a living room, dining area and kitchen. Zoned to the rear of the property are 3 separate good sized bedrooms, a family bathroom and laundry.

This fantastic home offers huge potential with plenty of room to allow for renovations, additions or a completely separate dwelling (STCA). The huge land size allotment of 978sqm approximately sits on a corner block with secondary access coming off Celia Street.

Entering off Celia Street, the lower section of the block offers roughly 250sqm of flat land completely separate and non-intrusive to the main residence. Savvy buyers will see the potential to build a second dwelling, whether it be a shed or a granny flat (STCA) with the view to take advantage of the high demand and returns in the holiday rental market/secondary income, or keep the main residence leased on a full time basis and keep somewhere to visit as a campground for your own summer holidays.

Centrally located in Rye, this beautiful home offers opportunity and life style for truly holiday styled living; surrounded by pristine bay and surf beaches, premier golf courses, world class wineries and cafes. Perfect for anyone, I don't expect this property to last long!

Call now to inspect.

This property is currently leased until the 24th of April, 2021.

The property has been recently rejuvenated with some extra work done to it, photos can be sent through upon request.

Contact me anytime - 0422 287 218

Property History for 53 Iolanda St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$580,000
03 Sep 2020
Listed for Rent
$340/w
16 Apr 2020
  • 03 Sep 2020
    Sold for $580,000
  • 14 Aug 2020
    Listed for Sale Under Contract
  • 26 Mar 2020
    Listed for Rent - Price not available
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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 7 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 350 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.