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21 Locksley Road, Rye VIC 3941

NEW PRICE $860,000 - $945,000

Search Band Search Visibility Band

$850k - $900k High Confidence Calculated based on strong search observations.

House 2 Beds 1 Bath 2 Cars 732 m²

Listed: 54 days ago

Updated: 20 days ago

Overview

Positioned uniquely above the Rye township and a mere 650 meters from the beach and local shops, this inviting two-bedroom weatherboard cottage offers breathtaking panoramic bay views stretching from the Bellarine Peninsula to the Melbourne city skyline and Arthurs Seat. The sizeable sun deck is an ideal spot to relax and soak in the vista, while the property’s potential for expansion or a new build offers an excellent opportunity for development and value addition.

The residence sits on a 732sqm land parcel, complemented by an additional 717sqm vacant allotment at the rear located at 11 Observation Drive. Together, these allow for a substantial combined land area with dual street access totaling approximately 1449sqm, presenting unique options for creating a distinctive home or possibly subdividing subject to council approval.

Inside, the home features polished hardwood floors and enjoys a bright north-easterly aspect. A central living area with a cozy wood heater opens onto the deck, blending indoor comfort with outdoor enjoyment. The kitchen is notably large and updated, boasting stone benchtops, a stainless steel stove, dishwasher, and ample bench and cupboard space, enhancing the functionality and appeal for meal preparation and entertaining.

Two bedrooms located on either side of the living space provide a practical layout for privacy and convenience.
A modern bathroom and a large laundry/mud room support everyday living needs efficiently.
Additional features include split-system airconditioning, rooftop solar panels, and lush, leafy gardens that enhance privacy.

This property is well-suited to buyers seeking a charming coastal cottage lifestyle with an exceptional outlook and significant development potential. Its proximity to amenities and the beach makes it appealing to families, retirees, or investors looking in the Rye area.

Local Market Insights

In Rye, Quiet Listings observed 43 new houses entering the market over the last 30 days, up from 35 during the previous 30-day period, with an average advertised asking price of $1,208,416. The property type mix of listed properties is predominantly Houses at 91%, followed by land (9%). The most active agency for houses in the Rye area is currently Your Property Agent, representing 33% of new listings, followed by Crowders Real Estate with 28%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.