11 Hackworth Road Rye VIC 3941
11 Hackworth Road Rye VIC 3941
Back beach Rye | flat 725sqm | tight coastal pocket | 3-bedroom starter
This property occupies a flat, usable 725sqm block in one of Rye’s most tightly held back beach pockets, where land of this configuration is increasingly rare. The existing 118sqm house, with 16% building coverage, offers immediate shelter and a clear path to redevelopment or extension without heritage or flood constraints. For a buyer seeking a foothold in a premium coastal corridor, the land-to-building ratio provides optionality that most nearby listings lack. It suits owner-occupiers wanting to renovate and hold, or investors targeting long-term land value growth in a location with strong rental demand.
The bushfire overlay introduces additional compliance costs for any future building work, which must be factored into feasibility. The current house is modest and likely requires updating, meaning the buyer is paying primarily for the land position. With reliable NBN and 5G coverage supporting remote work, and zoning for Rye Primary and Rosebud Secondary, the property functions as a genuine year-round residence, not just a holiday house. The commercial logic is straightforward: buy the land, improve or rebuild within the overlay constraints, and hold for capital appreciation driven by coastal scarcity.
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Hackworth Road Rye VIC 3941
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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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.
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PropCred Estimated Value
Bedrooms
3
Bathroom
-
Parking
-
Land
725m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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