104 Grandview Avenue, Rye VIC 3941
104 Grandview Avenue, Rye VIC 3941
104 Grandview Avenue, Rye is a 4-bedroom, 2-bathroom house on a 761 m² residential lot in Mornington Peninsula Shire, with 2 car spaces, 1 living area, floorboards, built-in robes, split-system heating and cooling, and full fencing reported in current property data. The property was listed for sale as a house in Rye. The property has conflicting build-age data: one source says built in 1986, while another says built in 1960; the more complete property listing data also shows the home is currently marketed as a 4 bed / 4 bath / 6 car listing, which may reflect an updated or reconfigured version of the same address rather than the static data record.
4 bed core data | 761sqm land | inconsistent build age | 4 bath listing suggests upgrade | rental yield near 4%
This property sits in a competitive position within Rye due to its substantial land size and the strong possibility that the current configuration has been upgraded well beyond the standard 4-bedroom, 2-bathroom layout recorded in static data. The presence of floorboards, split-system climate control, and full fencing signals a finish above entry-level coastal stock, and the listing’s indication of 4 bathrooms and 6 car spaces suggests a renovation or extension that would appeal directly to larger families or serious holiday-home buyers seeking space and comfort. The Mornington Peninsula location, combined with school catchment access and modern connectivity like 5G, positions this house as a lifestyle-driven option that also meets practical family needs, making it most suitable for owner-occupiers or investors targeting short-term rental demand in a coastal township.
The conflicting build-age data between 1960 and 1986 may materially affect buyer confidence and financing, as lenders often require clarity on construction year for insurance and valuation purposes. The mismatch between static records and the current listing’s bathroom and car space counts suggests a renovation or reconfiguration that may not be fully reflected in official data, which could either increase value if properly permitted or introduce risk if unapproved. The rental estimate of $725 per week implies a gross yield near 4%, which is reasonable for the area, but this depends on the true condition and layout. Buyers should verify the actual build year, confirm all renovations have council approval, and inspect the property thoroughly to assess whether the upgraded configuration matches the listing’s claims before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 104 Grandview Avenue, Rye VIC 3941
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
!
1
Execution Risk
✕
2
Market Insight
Rye is a popular coastal suburb positioned as a premium holiday destination within its region. Demand is driven by renters and investors seeking coastal lifestyle properties, contributing to relative market stability. Recent conditions show a clear softening, with extended selling periods and declining auction clearance rates indicating buyer caution. Future interest hinges on its enduring coastal appeal, though the current slower market tempo and increased vendor negotiation present near-term constraints.
PropCred Estimated Value
Bedrooms
4
Bathroom
4
Parking
6
Land
761m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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