79 Melbourne Road, Rye, VIC 3941 sold on 05 May 2025 | OnTheHouse
SOLD
Sold on 05 May 2025 for $601,000

79 Melbourne Road
Rye VIC 3941

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
Land area: 900m2
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Property Details for 79 Melbourne Rd, Rye

79 Melbourne Rd, Rye is a 2 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 900m2. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 2 bedroom House sold in Rye in the last 12 months.

Building Type
House
Land Size
900m2
Local Government
Mornington Peninsula
Lot/Plan
1/LP26089

Last Listing description (July 2025)

Within walking distance of the beach and Rye's cafes and restaurants, this is a genuine land-value opportunity to create a home of distinction on a prominent 900sqm allotment.

Gently rising to the rear and hidden from the road by native ti-tree, the site is currently home to an original, two-bedroom cottage that is ripe for a renovation or ready to make way for an impressive new holiday or permanent home.

Minutes from top golf courses, an array of surf beaches, hot springs, coastal walking trails and barely 75 minutes from the Melbourne CBD, Rye is one of the peninsula's favourite spots and still surprisingly affordable.

With potential for a tree-top outlook, a sunny northerly aspect and 20m frontage, call your architect and builder and start planning a superb new coastal escape befitting this fantastic site.

For further information, please contact Mal McInnes at the Blairgowrie Office on 0415 502 316 or mal.mcinnes@belleproperty.com

Disclaimer: Whilst every care has been taken in preparing the property information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.

Property History for 79 Melbourne Rd, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$601,000
05 May 2025
  • 05 May 2025
    Sold for $601,000
  • 16 Apr 2025
    Listed for Sale $601,000
  • 17 Jun 2001
    Sold for $113,000
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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 78 properties listed for sale, and 7 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 353 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.