58 Anelida Street, Rye VIC 3941
58 Anelida Street, Rye VIC 3941
3-bed 1-bath coastal brick house | North-facing living | 696m² Tyrone Foreshore block | Established character | Single-bathroom constraint
This property sits on a generous 696–698m² allotment in the sought-after Tyrone Foreshore pocket, making it a rare find in a coastal suburb where larger blocks are increasingly uncommon. The north-facing living windows bring strong daylight orientation, a practical advantage for year-round comfort, and the solid brick construction signals durability. This house best suits buyers seeking a standalone coastal home with room to renovate, extend, or rebuild, as the land value likely outweighs the dwelling’s current condition. Its size and orientation give it competitive edge over typical Rye stock, which often sits on narrower sites. The buyer profile here leans toward owner-occupiers and lifestyle buyers who value space and proximity to the foreshore over turnkey finishes.
The single-bathroom configuration may limit appeal for families or those wanting a higher rental yield, as it reflects an older floor plan that may require updating. The lack of a confirmed build year or renovation timeline means the property’s condition could vary, and a buyer should budget for potential structural or system upgrades. The land’s regular shape and absence of disclosed easements or slope suggest straightforward development potential, but no planning or zoning details are available to confirm what is permissible. The asking price uplift from the 2023 sale may be supported by the land’s scarcity, but a buyer should verify comparable land sales independently to gauge whether the premium reflects genuine value or market momentum.
Detailed Independent Property Report prepared by PropCred Analyst team for 58 Anelida Street, Rye VIC 3941
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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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
1
Parking
1
Land
696m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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