Rental Insights
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Source: stashproperty.com.au
Development Stats
2024
330
312
About the Property
BEAUTIFULLY RENOVATED & FULLY FURNISHED COASTAL RESIDENCE
*Now offered as a complete, fully furnished, turnkey option*
Beautifully renovated and impeccably styled with design elements and inspiration straight from the pages of House & Garden, this gorgeous coastal home – *offered as a complete turnkey package – will simply take your breath away.
Appealing to today’s modern buyer, the uncluttered, clean lines and minimalist aesthetic of the home transfer an immediate sense of calm and tranquillity – transporting you from the busy stress of the outside world to a peaceful, private space where you can unwind and relax.
Connecting seamlessly with the outdoors and flooded with natural light, the modern open concept layout features four lovely bedrooms – all with beautiful French flax linen curtains, full ensuite with tub, a second main bathroom, European laundry, and a beautiful modern kitchen featuring a list of luxury appliances including Bosch dishwasher, Fisher & Paykel fridge, ILVE gas top oven, and Miele rangehood plus a fantastic servery window/outdoor bar that allows conversation between the kitchen and the garden.
There is also ample room for onsite boat, jet ski, or caravan accommodation.
The simple aesthetic and effortless display of natural, organic features continue through to the exterior to create an enviable outdoor space where the cool, coastal vibe continues.
Entertaining will definitely be your new favourite thing to do at COMO! Sizzling summer nights will be filled with fun and friends – barbequing and dining outside on the spacious entertaining deck where afterwards, drinks and good conversation can be had sitting around your very own outdoor fire pit.
Perhaps star gazing from the garden love seat or a game of bocce on a sunny afternoon is more your thing? – All that is missing is you!
Do not miss your opportunity to secure one of the most beautiful properties currently on the market. Contact Katrina Talarico on 0420 778 404 to book your private inspection today!
Property Features Include
– Extensively renovated four bedroom home complete with high end fittings and inclusions.
– Ample onsite room for boat, jet ski, or caravan accommodation.
– Master bedroom featuring full ensuite with tub.
– Brand new hybrid flooring and French flax linen curtains throughout.
– Split system air conditioning.
– Fully renovated modern kitchen complete with Bosch dishwasher, Fisher & Paykel fridge, ILVE gas top oven, and Miele rangehood.
– Kitchen also features a gorgeous servery window out to the garden.
– Modern European laundry.
– Fully landscaped north facing rear yard highlighting a spacious 44m2 paved entertaining area, beautiful deck at the front of the property, terraced lawn, brand new retaining walls, a selection of mature plant and tree varieties, and a loveseat for stargazing at night!
– Garden shed plus ample additional under house storage.
– Located in a quiet, peaceful street just 200*m to local icon The Hidden Kitchen.
– Just 1.6*km to the foreshore.
– Only a short drive to Rye Village & the relaxing Peninsula Hot Springs.
*All distances and measurements are approximate only.
*Bedhead in master suite and artwork not included in turnkey package.
From the Domain.com.au listing
Source: stashproperty.com.au
About the Suburb
RYE, VIC 3941 is a suburb with a population of 9438. The age distribution is diverse, with significant numbers in the 45 to 64 years and 65 years or over categories. The suburb has a median household income slightly above the national average at $1,334 weekly. The most common occupations include technicians and tradespeople, professionals, and managers. Commute to work is primarily by motor vehicle and working from home is popular, with 852 residents doing so. The suburb’s ICSEA percentile for government schools is 52.0, indicating an average educational advantage for students.
In terms of property, RYE offers a mix of housing options. The median house price is $1,130,000 with an IQR ratio of 51.8%, indicating potential for renovations. The median rental price for houses is $550 per week, providing a rental yield of 2.7%. The suburb has a low vacancy rate of 0.8%. Units in RYE have a median price of $759,000 with a relatively high IQR ratio of 68.8%. The rental yield for units is slightly higher at 3.1%. Market absorption rate is at 9.0%, suggesting balanced demand.
RYE, VIC 3941 is a diverse suburb with a strong emphasis on trades, professions, and managerial occupations. With a decent educational advantage for students, the suburb provides a mix of housing options suitable for both homeowners and investors. The property market in RYE shows potential for renovation projects, especially in the house segment. The balanced demand and low vacancy rate make RYE an attractive location for those looking to invest in property.
Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Median
Vacancy Rate
