55 Observation Drive, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

55 Observation Drive
Rye VIC 3941

Bedrooms: 3
Bathrooms: 2
Car spaces: 4
Floor area: 136m2
Land area: 699m2
Estimated Value & Rent
Estimated Value
Estimated Rent
Confidence
Last updated 16 Feb 2026
Low

High
Save

Property Details for 55 Observation Dr, Rye

55 Observation Dr, Rye is a 3 bedroom, 2 bathroom House with 4 parking spaces. The property has a land size of 699m2 and floor size of 136m2. While the property is not currently for sale or for rent, it was last sold in August 2016.

Building Type
House
Floor Size
136m2
Land Size
699m2
Local Government
Mornington Peninsula
Lot/Plan
164/LP19188

Last Listing description (August 2016)

This home ticks so many boxes for so many you cannot miss inspecting. Immaculately maintained this delightful, light and bright 3 bedroom home with 2 bathrooms and study will suit family, holiday and retirees. Offering a modern kitchen with plenty of bench space, dining and family area plus a spacious living room. Toasty zoned under floor heating, plus a split system , quality window furnishings, security outside blinds bore water and a double garage. Located within walking distance to the shops and on a pretty corner block giving room for outside entertaining and boat or caravan parking. Land size 698m2 approx

Property History for 55 Observation Dr, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$560,000
27 Aug 2016
  • 27 Aug 2016
    Sold for $560,000
  • 01 Aug 2016
    Listed for Sale In Room Auction
Commute Calculator

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 13.34% increase in median value, while Units have seen a 29.10% increase. As at 31 January 2026:

  • The median value for Houses in Rye is $1,028,941 while the median value for Units is $628,019.
  • Houses have a median rent of $600 while Units have a median rent of $493.
There are currently 70 properties listed for sale, and 4 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

Market Insights
Rye Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Rye Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.


Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
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.