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12 Observation Drive, Rye$630,000
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Soldhouse

12 Observation Drive

Rye, VIC 3941, Australia
$630,000
3 bed 1 bath 2 car766 m²

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About this property

For those with imagination and ambition, this brick veneer residence presents an exciting opportunity to create something truly special tucked nicely in behind the township, within easy walking distance. Not without the need for improving, this is a home where vision and effort will be rewarded, offering the chance to transform this home into a space that reflects your own style and aspirations. Perfect for first home buyers wanting a foothold into Ryes bustling real estate market or home renovators looking to build wealth. Set on a generous allotment of approx. 766m2 with ample room for a boat or caravan, the property provides flexibility rarely found at this entry point. Whether you are dreaming of expansive outdoor areas, enhanced storage or future extensions (STCA), the scope here is undeniable and ready to be explored. At the heart of the home sits an open plan kitchen, dining and living zone that forms a functional central hub. Three bedrooms are well positioned and serviced by a family sized bathroom (needing work per images) with a separate toilet for everyday convenience. Outside, the landscaping remains a blank slate, inviting you to design gardens and outdoor zones that bring your vision to life. From low maintenance surrounds to lush entertaining spaces, the opportunity to personalise every aspect of the outdoors is entirely yours. Within walking distance to Rye shops and Port Phillip Bay. This property is being sold as is and represents a rare and honest opportunity. Ideal for a first home buyer with vision, a savvy renovator or a skilled tradie seeking their next passion project, this is a genuine sale where potential and possibility take centre stage. Proudly marketed by Crowders Real Estate.

Property Details

Property Type
house
Listing Type
Sold
Bedrooms
3
Bathrooms
1
Parking
2
Land Area
766 m²
Listed
3 months ago

Repayment calculator

$3,054/month
$1,527 /fortnight
Loan $504,000 at 6.10% over 30 years

Upfront costs

Deposit$126,000
Stamp duty$32,870
Conveyancing (est.)$2,000
Total upfront$160,870
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Rye

This 3-bedroom house in Rye, VIC 3941 sits within reach of public transport, local shops and nearby schools. It is listed 42% below the $1.09m median of 69 comparable houseswithin 5 km.

Schools near Rye

  • Rye Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Ozone St/Bimble St (bus)460 m away
  • BWS636 m away
  • Recreation Reserve1.2 km away
  • Unnamed1.4 km away
  • Mathis Avenue Reserve1.6 km away

Rye at a glance

Full suburb profile
Population
9,438
Median age
51
Household income
$1,334/wk
Median rent
$372/wk
Median mortgage
$1,800/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Rye price trend

Median sold · House 3 bed

Compound growth -6.7% / yr over 4 yrs

$873kcurrent median

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