12 Observation Drive
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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
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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
- BWS — 636 m away
- Recreation Reserve — 1.2 km away
- Unnamed — 1.4 km away
- Mathis Avenue Reserve — 1.6 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
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