12 Yoorala Road, Rye VIC 3941

12 Yoorala Road, Rye VIC 3941
3 bed house on 836m² | generous parking for 5 | family scale landholding | solid Rye residential fit | This three-bedroom house on an 836sqm block suits families or downsizers drawn to spacious coastal living with room for vehicles and storage. The land size stands out as a key strength, offering practical scope for extensions, gardens or even a pool in a suburb where larger lots remain valued for their flexibility. With five parking spaces, it caters well to multi-car households or those hosting visitors, a feature that differentiates it from tighter street frontages nearby. In its immediate street context, the property aligns with Rye’s prevalent General Residential Zone character, where similar mid-sized homes on substantial blocks appeal to buyers prioritising land over modern luxury. These homes typically hold steady market traction among local families and retirees, trading reliably due to the area’s beach proximity without the premium of frontline positions. The generous lot dimensions support long-term holding value, as zoning parameters allow scope for future enhancements while preserving neighbourhood scale. Buyers here often seek properties enabling self-sufficiency, from home workshops to outdoor living, bolstering appeal in a market favouring adaptable family assets. Overall, its positioning underscores enduring demand for land-rich homes that balance everyday utility with Rye’s relaxed coastal rhythm.
Detailed Independent Property Report prepared  by PropCred Analyst team for 12 Yoorala Road, Rye VIC 3941
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Market Insight:

Rye is a well-known Mornington Peninsula coastal suburb attracting a mix of permanent residents, lifestyle buyers, and holiday-home investors. Housing prices have experienced strong long-term growth driven by the peninsula’s lifestyle appeal, though the market can fluctuate depending on broader economic cycles. Demand is supported by beach access, tourism activity, and proximity to wineries, golf courses, and national parks. Buyers are typically drawn by the combination of coastal living and accessibility to Melbourne.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

5

Land

836m²

Assessments Delivered Today

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