112 Weeroona Street, Rye VIC 3941
112 Weeroona Street, Rye VIC 3941
Detached house on a low-density coastal street | family-oriented setting with land and parking | long-term owner-occupier demand | moderate rental yield
The property is positioned within an established residential streetscape of detached houses on substantial allotments. Its likely configuration provides space for families needing multiple vehicles, outdoor areas and proximity to the Rye foreshore. The street’s high share of long-term residents confirms a stable neighbourhood character with limited turnover. This property would best serve a buyer who values land, privacy and coastal lifestyle over apartment convenience.
Value may be shaped by the condition and layout of the dwelling, since a liveable house on a larger block typically commands a premium while dated finishes might require a price adjustment. The absence of known overlay constraints may allow future flexibility, but moderate rental yields and selective growth suggest the property is better held for capital appreciation than immediate income.
>> Comparable Sales: 90 Weeroona Street sold for $910,000; 100 Weeroona Street sold for $985,000 | Property Price Band: $900K to $1.0M | Value Drivers: land size, dwelling condition, street position
Detailed Independent Property Report prepared by PropCred Analyst team for 112 Weeroona Street, Rye VIC 3941
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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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
Bedrooms
3
Bathroom
1
Parking
2
Land
1031m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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