44 Observation Drive
Rye, 3941 VIC
House on a 766 m² block with 17m frontage.
Property Snapshot
House5 Bed3 Bath2 Off Street766 m² Land224 m² Internal17m Frontage
Investment Highlights
What makes 44 Observation Drive compelling from a buying and value-add perspective.
Market Status
Off Market
Land Size
766 m²
Frontage
17m
Zoning
GRZ1
Residential - Medium Density
Why Buyers Look At This One
Renovate upside — modest 224 m² internal area creates a clear renovation, extension or reconfiguration opportunity.
Walkable transport position — approx. 947m to bus, 19km to train station and 5.2km to schools.
Neighbourhood quality — strong owner occupier setting with low-turnover character housing nearby.
Property Snapshot
Core facts, planning controls and ownership history.
Bedrooms
5
Bathrooms
3
Parking
2 off-street
Internal Area
224 m²
Ownership & Value
Last Sold$1.29M
Sold DateApr 2026
Land Value—
RPD216\LP19188
Planning & Site
Property TypeResidential
AccessSingle Access
Height Limit—
Max Storeys—
Wide FrontageResidential
Pricing & Valuation
Guide, estimate and broader pricing context.
Market Status
Off Market
Auto Estimate
$1.29M
Confidence: VeryHigh
5 Bed Median
$1.33M
Growth Since 2026
—
Suburb 5 bed house median price over time
Rental Market
Yield, rental pricing and local leasing landscape.
Median Rent
$760
5 Bed Yield
3.0%
Vacancy
1.1%
Rentals Last 12M
15
Suburb 5 bed house median rent over time
Planning & Risk Overlays
Important due diligence considerations for this property.
Flood Overlay Detected
No flooding known in this area
Other Overlays
Bushfire: No bushfire known in this area. Heritage: Aboriginal Cultural Heritage Sensitivity. Biodiversity: VPO - VEGETATION PROTECTION OVERLAY - SCHEDULE 1.
Location & Connectivity
Access to transport, schools and local amenity around 44 Observation Drive.
Train Station
19km
Bus Stop
947m
Schools
5.2km
Road Type
—
Transport: Easy access to nearby train station and frequent bus routes.
Lifestyle: Walking distance to local shops, parks and nearby dining precincts.
Positioning: Quiet residential street with strong owner occupier presence and limited turnover.
Rye Snapshot
Broader suburb metrics that support the local story.
Population
9,438
Owner Occupiers
75%
Social Housing
0.1%
Crime Index
—
Not available
High Owner Occupier AppealLow Stock on MarketLow Vacancy
Explore Rye in more detail
Deep dive into growth, demand, demographics and comparable sales.
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