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55 Neville Drive, Rye$602,500
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55 Neville Drive

Rye, VIC 3941, Australia
$575,000 – $630,000
671 m²

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About this property

Located in one of the most tightly held pockets of Rye, 55 Neville Drive offers an increasingly rare chance to secure premium vacant land and build the coastal home of your dreams. With approximately 671m2 to work with, this blue chip block provides the space and flexibility to create a residence that reflects your lifestyle and long term vision. Just 750 metres from the stunning Tyrone Foreshore, daily life here is shaped by beach walks, sea air and an effortless connection to the best of the coast. There is also the potential to design a second storey residence to capture potential water views, further enhancing the appeal and future value of this outstanding address. Quality homes surround the site, with cafés, dining, shops and coastal trails close at hand. Vacant blocks in this location are becoming increasingly scarce. Secure a blue chip opportunity by the bay and create something truly special in a setting that will continue to reward for years to come. Features Include: - Rare vacant allotment measuring approximately 671m2. - Located just 750m to the foreshore. - Opportunity to design and build a double storey residence to capture potential bay views. - Surrounded by quality properties and a variety of fantastic amenities including world class restaurants, cafes, shopping, surf beaches and walking trails. *All distances and measurements are approximate only.

Property Details

Property Type
land
Listing Type
For Sale
Land Area
671 m²
Listed
3 months ago

Repayment calculator

$2,921/month
$1,460 /fortnight
Loan $482,000 at 6.10% over 30 years

Upfront costs

Deposit$120,500
Stamp duty$31,220
Conveyancing (est.)$2,000
Total upfront$153,720
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.

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Neighbourhood

Living in Rye

This land in Rye, VIC 3941 sits within reach of public transport, local shops and nearby schools. It is listed 52% below the $1.25m median of 77 comparable landswithin 5 km.

Schools near Rye

  • Rye Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Elgan Avenue/Point Nepean Road (bus)1.1 km away
  • Home Timber & Hardware570 m away
  • French Street Reserve1.2 km away
  • Recreation Reserve3.5 km away
  • Unnamed3.6 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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