73 Field Street, Rye, VIC 3941 | Property Value & History | OnTheHouse
OFF MARKET

73 Field Street
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: 2
Floor area: 62m2
Land area: 892m2
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Property Details for 73 Field St, Rye

73 Field St, Rye is a 2 bedroom, 1 bathroom Unit with 2 parking spaces and was built in 1980. The property has a land size of 892m2 and floor size of 62m2. While the property is not currently for sale or for rent, it was last sold in October 2024.

Building Type
Unit
Year Built
1980
Floor Size
62m2
Land Size
892m2
Local Government
Mornington Peninsula
Lot/Plan
25/LP25396

Last Listing description (October 2024)

A rare opportunity with endless options, this unique property sits on a generous allotment of 893sqm (approx.).

The property includes four, two bedrooms units, nestled in the heart of Rye, this property is just moments away from pristine beaches and vibrant local attractions. Enjoy the convenience of nearby shopping precincts, gourmet dining options, and recreational facilities that cater to all ages. Rye Primary School and other reputable educational institutions are within easy reach, making it the perfect choice for savvy investors.

Unit 1,2,3 & 4 three are permanently rented at a yearly amount of $86,748 approx. an amazing return.

Unit 1 $2080 per calendar month or $24,960 per year approx.
Unit 2 $1738 per calendar month or $20,856 per year approx.
Unit 3 $1673 per calendar month or $20,076 per year approx.
Unit 4 $1738 per calendar month or $20,856 per year approx.

Each of the four units enjoys two generous bedrooms, open plan living and dining, fully equipped kitchens and bathroom with laundry facilities. Renovate as desired or redevelop (STCA), the options are endless.

Situated within walking distance of shops, schools and crystal blue waters, this is an ideal location with a fantastic return for astute investor.

Property History for 73 Field St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$1,450,000
05 Oct 2024
Listed for Rent
$285/w
22 Mar 2018
  • 05 Oct 2024
    Sold for $1,450,000
  • 12 Aug 2024
    Listed for Sale $1,450,000 to $1,550,000
  • 01 May 2020
    Listed for Rent $300 / week
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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 79 properties listed for sale, and 10 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 351 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.