58 Valley DriveRye VIC 3941
Property Details for 58 Valley Dr, Rye
58 Valley Dr, Rye is a 5 bedroom, 2 bathroom House with 2 parking spaces and was built in 1950. The property has a land size of 694m2 and floor size of 102m2. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 5 bedroom House sold in Rye in the last 12 months.
Last Listing description (September 2025)
Set in a sought-after pocket of Rye, 58 Valley Drive presents a rare and exciting chance to secure two properties on the one title the ultimate blend of lifestyle and investment.
The front residence is available with vacant possession - ready to be moved into, leased out, or stylishly updated to maximise its potential and features three spacious bedrooms, a central bathroom, two versatile living zones, a large kitchen and dining area, and a private courtyard ideal for outdoor entertaining.
To the rear, a second two bedroom, one bathroom dwelling provides immediate income security with a lease in place until June 2026. This dual dwelling setup creates an exceptional opportunity for investors, multi-generational living, or those looking to live in one and earn passive income from the other.
The location adds further appeal just minutes from Rye's vibrant shopping strip, cafs, restaurants, and the stunning foreshore. Beautiful bay beaches, Peninsula Hot Springs, golf courses, and award-winning wineries are all within easy reach, ensuring strong rental demand and lifestyle appeal year-round.
Whether you're seeking a set-and-forget investment, a flexible living arrangement, or a property with future growth potential, 58 Valley Drive delivers on all fronts.
Key Features:
Dual dwelling property on one title
Front property offered with vacant possession
Rear dwelling tenanted until June 2026 immediate rental income stream of $400pw
Ideal for investors, dual living or holiday letting (STCA)
Prime Rye location close to shops, cafs, beaches, and attractions
*All distances and measurements are approximate only.
Property History for 58 Valley Dr, Rye, VIC 3941
- 12 Sep 2025Sold for $835,000
- 22 Aug 2025Listed for Sale SOLD
- 06 Jan 2008Sold for $280,500
Recent sales nearby
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0About 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.
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