89 Weeroona Street, Rye VIC 3941

Corner allotment | Two-storey steel frame | 570m² lot | 4 car spaces | Pristine condition This property presents a competitively strong, low-maintenance holding on a generous corner block. Its steel frame construction and pristine condition significantly reduce immediate capital expenditure risk, serving a buyer seeking a modern, turnkey residence near Rye Village. The configuration with four car spaces is a practical advantage over typical suburban stock, supporting multi-vehicle families or those with recreational assets. This house is positioned for an owner-occupier who values space and durability, or an investor securing a quality rental in a stable coastal locale. Proceed with the understanding that the lack of recent sale history for this specific house introduces valuation uncertainty, a risk costing the buyer potential overpayment. The commercial logic lies in leveraging its immaculate state for immediate occupancy or securing a reliable tenant at the upper end of the rental range. Acquire this as a long-term hold, using its structural integrity and lot size as a foundation for capital stability. A professional property report would ground your offer in real market valuation, clarify locality-specific overlays, and detail insurance implications for the construction type. A direct comparable sale at 119 Weeroona Street achieved $1,285,000 in November 2025. That property offered five bedrooms but only two car spaces on a likely similar lot. This disparity suggests the subject property’s four-car accommodation and superior condition could command a premium on a per-bedroom basis, supporting a value toward the upper end of its listed range.