27 Pardoner Road, Rye VIC 3941

Timber house on large lot | 3 bed potential vs listed | quiet street near Rye | bore water & large garage This property presents a competitively strong offering for a buyer seeking a low-maintenance coastal lifestyle or a straightforward investment. Its large six-hundred-square-meter lot with established gardens and bore water provides a rare cost-effective setting in the area, while the oversized garage adds practical utility. The house itself is a basic but functional timber construction, best serving as a land-value play or a renovator’s project for a downsizer or holiday-home buyer. The decision hinges on managing clear risks. The bushfire overlay imposes compliance costs and may limit future expansion. Discrepancies in bedroom counts between sources suggest a compromised layout, potentially capping rental appeal. Its forty-one-year ownership history indicates significant deferred maintenance. Proceed only with a firm budget for essential upgrades, treat it as a long-term hold to leverage the land component, and secure a structural assessment to validate the building’s condition. Recent sales on Pardoner Road demonstrate solid demand. A comparable three-bedroom house at number nine sold for seven hundred and forty thousand dollars in April 2024, a significant increase from its 2017 price. This supports the current asking range and indicates a rising market trajectory for well-positioned homes in this quiet locale.