Back 12 Derwin Street
Off Market

12 Derwin Street

Rye VIC 3941

1193 m²
Land
Last sold for $670,000
Ben KenyonBen Kenyon, last sold this property on 05 June 2025 after 43 days on market.

Overview

Expansive Rye Land

Inspect by appointment. Discover an exceptional opportunity to build your dream home in the heart of Rye. This expansive block of land, approximately 1193sqm, offers a rare and generous canvas for your architectural vision. Perfectly positioned, you'll find yourself just a short, approximately 800-meter stroll from Rye's vibrant Main Street and the picturesque foreshore, allowing for effortless access to cafes, shops, and the stunning coastline. The existing original dwelling presents a blank slate, inviting you to imagine and create a bespoke residence tailored to your lifestyle (STCA). Enjoy the convenience of a mostly flat allotment, simplifying the building process and maximizing the potential of this prime Rye location.

Features

1193 m² lot size
Land

Estimated Value

Based on this property and similar land plots sold in Rye over the last 12 months, the estimated median property value of 12 Derwin Street is $500k.

Median value
$500k
Estimated value range
$350k - $920k
Median days on market
98
Estimated value trend
-7%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Rye. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 12 Derwin Street

2025
Sold
$670,000
05 Jun 2025 by Ben Kenyon, of Stockdale & Leggo Rye

Happy sellers in Rye

79%
79% of sellers in Rye reported that their sale price either exceeded or met their price expectations.

Rye stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 69 reviews in Rye over the last 12 months.

Local market activity for land plots in Rye

In the last 12 months, 27 land plots similar to 12 Derwin Street, have been sold.

This represents a 55% decrease in land plots sales when compared to the previous 12 months.

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