85 Preston Street, Rye, VIC 3941 sold on 21 March 2026 | OnTheHouse
SOLD
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Sold on 21 Mar 2026 for $810,000

85 Preston Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Floor area: 92m2
Land area: 697m2
Sold By
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Prentice Real Estate Rye
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Property Details for 85 Preston St, Rye

85 Preston St, Rye is a 3 bedroom, 1 bathroom House with 2 parking spaces. The property has a land size of 697m2 and floor size of 92m2. While the property is not currently for sale or for rent, it was last sold in March 2026. There are other 3 bedroom House sold in Rye in the last 12 months.

Building Type
House
Floor Size
92m2
Land Size
697m2
Local Government
Mornington Peninsula
Lot/Plan
1662/LP41473

Last Listing description (March 2026)

Perched up on a gentle rise in a private, rustic setting is this delightful Peninsula residence or low maintenance retreat.Featuring fresh, light filled tones throughout it comprises an open plan living/ dining space with galley style kitchen and stainless steel appliances, r.c aircon, 3 freshly carpeted and painted bedrooms, separate bathroom and laundry, covered rear porch, two car carport and front patio for entertaining.Situated on a 697m2 lightly treed allotment ideally located between Rye and Blairgowrie, it represents a great entry-level priced opportunity for the first home buyer/ investor or weekender buyer.

Property History for 85 Preston St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$810,000
21 Mar 2026
Listed for Rent
$400/w
07 Oct 2020
  • 21 Mar 2026
    Sold for $810,000
  • 02 Mar 2026
    Listed for Sale $770,000 - $830,000
  • 23 Sep 2020
    Listed for Rent $400 / 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 10,057 properties. Over the last 5 years, Houses in Rye have seen a 4.03% increase in median value, while Units have seen a 13.43% increase. As at 31 March 2026:

  • The median value for Houses in Rye is $1,014,366 while the median value for Units is $622,295.
  • Houses have a median rent of $600 while Units have a median rent of $500.
There are currently 73 properties listed for sale, and 8 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 344 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.