87 Preston Street, Rye, VIC 3941 sold on 08 May 2025 | OnTheHouse
 
SOLD
Sold on 08 May 2025 for $700,500

87 Preston Street
Rye VIC 3941

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
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Property Details for 87 Preston St, Rye

87 Preston St, Rye is a 3 bedroom, 1 bathroom House with 1 parking spaces and was built in 1965. While the property is not currently for sale or for rent, it was last sold in May 2025. There are other 3 bedroom House sold in Rye in the last 12 months.

Building Type
House
Year Built
1965
Local Government
Mornington Peninsula
Lot/Plan
1661/LP41473

Last Listing description (January 2024)

Beach Home in Rye

If position, presentation and price are important then this is the one for you. Located right between both the Ocean and the Bay and moments from Rye Shopping Strip & Public Transport you find this renovated cottage style home.
It's cute, charming and cozy with wooden floorboards, open plan lounge and dining area plus controlled temperate with split system. Consisting of 3 bedrooms of which one has a built-in robe, modern kitchen fitted with near new bench tops and cupboards with electric cooking.
Glass sliding door from kitchen which leads to an under covered paved area and spacious yard. Also includes Bathroom and toilet, separate laundry, single carport, plus lots of external storage having 2 garden sheds. Low maintenance and large, secure and fully fenced yard.

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Property History for 87 Preston St, Rye, VIC 3941

A timeline of how this property has performed in the market
Last Sold
$700,500
08 May 2025
  • 11 Jan 2024
    Listed for Rent - Price not available
  • 08 Nov 2021
    Listed for Rent $400
  • 02 Jul 2019
    Listed for Rent $380
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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 77 properties listed for sale, and 7 properties listed for rent in Rye on OnTheHouse. According to Cotality's data, 350 properties were sold in the past 12 months in Rye.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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