1/9 Weeroona Street, Rye VIC 3941

150m to Rye beach | modern 3-bed townhouse with deck and spa | leased until May 2026 at $730/week | positioned between primary school and coastal retail strip This townhouse offers a rare combination of immediate rental income and coastal proximity that few competing listings match. The 168sqm layout with two bathrooms and secure parking appeals strongly to downsizers seeking lock-and-leave convenience, while the deck and outdoor spa create genuine lifestyle differentiation against newer developments in the area. For an owner-occupier, the 150m walk to beach and shops removes reliance on car travel for daily errands, a practical edge in Rye’s peak season traffic. The current lease at $730/week provides a holding income for buyers who do not require immediate occupancy, though the rental yield sits below suburb averages for freestanding houses. The primary risk is price ambiguity across platforms, with a $130,000 gap between listings suggesting vendors may lack conviction or are testing the market. Buyers should anchor offers near the lower end of the estimated value range, using the existing lease as a negotiating point,tenants in place until May 2026 limits personal use for owner-occupiers but guarantees cash flow for investors. The 273sqm lot is compact, which caps future subdivision potential but reduces maintenance burden. Hold this property as a coastal lifestyle home or a medium-term rental; its beach proximity and modern finishes will retain demand through market cycles.