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32 Fairhills Drive

Rye, VIC 3941, Australia
$599,000
4 bed 2 bath866m²

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Area Price Guide
$563,060$634,940

Indicative price guide range

🏘️
86
Comparable
📊
$885,000
Area median
⚖️
-32%
vs median
📐
$692
Per m²
📏
866 m²
Land
🗓️
1 week ago
Listed

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About this property

Must Be Sold at Auction, No prior Offers. The situation is straightforward: the property is subject to a Mornington Peninsula Shire Council Building Order, issued as structural alterations and additions - including decking to both the east and west elevations - were carried out without building permits. The Council has issued a Stop Work Order. The incoming owner will need to either engage a private building surveyor to certify and rectify the works, or demolish and rebuild the unpermitted structures with proper approval. For those who know what they're doing, this is exactly the kind of project that delivers strong returns. Perched in an elevated position with great views across the Peninsula, this 4-bedroom, 2-bathroom home presents a rare opportunity for builders, investors, and savvy buyers ready to unlock serious potential. The property is partially complete with the hard work already underway - bathrooms are fully tiled, and the master bedroom features a walk-in robe and ensuite. The bones are here, the views are real, and the upside is undeniable. Highlights: 4 bedrooms | 2 bathrooms Elevated block with great views Bathrooms tiled, master with WIR & ensuite(unfinished) Partially completed - scope to finish to your own standard Council Building Order & Stop Work Order in place - full transparency Mortgagee sale - must be sold unconditionally at auction Buyers are advised to conduct full due diligence prior to bidding. Building Order documentation available in section 32. 10% deposit, 30/60/90 days

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $2,904/month
    $1,452 /fortnight
    Loan $479,200 at 6.10% over 30 years

    Upfront costs

    Deposit$119,800
    Stamp duty$31,010
    Conveyancing (est.)$2,000
    Total upfront$152,810
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    4
    Bathrooms
    2
    Land Area
    866m²
    Listed
    1 week ago

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