43 Menzies Street, Rye VIC 3941
43 Menzies Street, Rye VIC 3941
Large coastal family house | Pool on 936 m² | Five-bedroom, two-level | Bushfire overlay applies | Suits family or weekender
A property of this scale is rarely found in Rye’s beachside stock. The 936 m² allotment supports a genuinely substantial two-level family house, with five bedrooms, two bathrooms, a pool, and a decked veranda that fits the coastal character well. That combination is well suited to full-time family living or a serious holiday home with room for guests. The generous building footprint and natural light are expected to hold strong appeal for buyers who want space, privacy, and the ability to entertain, rather than a compact weekend cottage. It is best positioned for those who value volume and outdoor amenity over a low-maintenance design.
Insurance costs and landscaping choices may be affected by the bushfire overlay, which should be weighed carefully. Buyer interest might be narrowed by the property’s size, particularly among those seeking minimal upkeep, and the absence of a confirmed coastal view may limit premium pricing compared with other large Rye homes. Final value is likely to be influenced most by presentation and any recent updates, with the pool and floor plan providing the strongest justification for a higher price point.
Detailed Independent Property Report prepared by PropCred Analyst team for 43 Menzies Street, Rye VIC 3941
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Rye, a coastal suburb 95km from Melbourne’s CBD, is a stable but cooling market. House medians cluster between $937,500 and $965,000, with annual growth mostly negative—ranging from -5% to -14.2%, though one source records 0%. Units sit at $551,000–$663,000, with declines of 3.6% to 17.6%. Renters and investors drive demand; gross yields are 3.2% for houses and 3.7–4.1% for units, while weekly rents hold at $588–$600 for houses and $463–$515 for units. Annual sales volume is steady at roughly 330 houses. The constraint is lengthening selling times: houses average 99 days on market, up 32% year-on-year, with auction clearance at 46.7%, down 12 points. Price softening and slower turnover signal buyer resistance, though stable rental demand and investor interest underpin the market.
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PropCred Estimated Value
Comparable Sales: 3 Percy Street Rye (3-bed, 879 m²) sold at $630k; other large Rye houses traded near $1.5M | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, pool, two-level family layout
Bedrooms
5
Bathroom
2
Parking
2
Land
936m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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