12 Dundas Street, Rye VIC 3941

Vacant block, beach proximity | Dual-living house packages | Intergenerational design ready | Rye lifestyle demand This property’s primary competitive strength is its location one block from Rye Beach on a large, clean-title 861m² block with no easements, making it immediately development-ready. The G.J. Gardner house packages, particularly the Sacramento 380 with two master bedrooms and dual living zones, position this site for intergenerational buyers or those seeking rental flexibility,a rare configuration in this beachside market. It serves best for owner-occupiers wanting a future-proofed family home or investors targeting high-demand holiday-let potential. The key risk is the lack of recent sales history for the vacant land itself, meaning the buyer must rely on off-the-plan pricing that may carry a developer premium. The 3-bedroom, 1-bathroom existing structure (if still present) adds demolition cost, not value. However, the block’s beach adjacency and absence of easements provide strong resale liquidity. FTTP availability supports modern living without being a prime driver. Hold this property as a long-term coastal family base or develop for dual-income rental strategy.