4/25 Ozone Street, Rye VIC 3941

Low-maintenance coastal townhouse | 300m walk to shops | Dual living spaces | Strong rental demand This property occupies a rare position in Rye’s market: a contemporary three-bedroom townhouse with two bathrooms and two car spaces on a manageable 287m² lot, built in 2008 and located within a small nine-property enclave. The combination of ducted heating, reverse-cycle air conditioning, and an ensuite to the master bedroom makes it immediately livable for downsizers or holiday-home buyers, while the short walk to Woolworths and the bay beach gives it a genuine lifestyle edge. The zoning to Rye Primary and Rosebud Secondary College further broadens its appeal to families seeking a coastal base without sacrificing school access. The lack of bushfire, flood, or heritage overlays removes common due diligence hurdles, and the 2018 sale history suggests stable ownership patterns in this boutique group. However, buyers should note that the townhouse is part of a nine-property building, which may limit future renovation scope or subdivision potential compared to a standalone house. The estimated rental return of $650 per week supports an investment case, but the asking price near $895,000 means the buyer must be confident in continued coastal demand, as any softening in the Mornington Peninsula market could compress capital growth. The NBN Fibre to the Node connection is adequate but not a prime driver for most buyers in this price bracket.