Back 15 The Glen
Off Market

15 The Glen

Rye VIC 3941

6
3
1011 m²
House
Last sold for $947,500
Paul CunningtonPaul Cunnington, last sold this property on 02 December 2025 after 126 days on market.

Overview

Exceptional Investment or Lifestyle Opportunity – 3 for the price of 1

Just a flat 700-metre stroll from the pristine shores of Port Phillip Bay and the scenic Foreshore Reserve, this rare offering combines lifestyle appeal with immediate income potential. Perfectly positioned close to Rye's vibrant township, cafes, shops, and local attractions, this is an opportunity not to be missed. Set on a generous, level allotment of approximately 1,011m², the property comprises three self-contained units – all on a single title – currently tenanted by long-term occupants. • Unit 1 (original house): 3 bedrooms, 2 living areas • Unit 2: 2 bedrooms • Unit 3: 1-bedroom apartment (converted garage) • Shared laundry and secure storage facility included Currently returning $38,000 per annum in rental income – with scope for a substantial increase – this property offers a solid yield, especially given that rental rates have not been reviewed in several years. With quality new homes being developed nearby, this property also presents the perfect opportunity for those looking to build their dream home. Enjoy consistent rental income while planning your future build – a savvy way to offset holding costs during the pre-construction phase. Whether you're a seasoned investor seeking strong rental returns and long-term capital growth, or a lifestyle buyer with a vision for the future, this versatile property delivers unmatched potential in a highly sought-after location.

Features

6 bedrooms
3 bathrooms
1011 m² lot size
House

Estimated Value

Based on this property and similar 6 bedroom houses sold in Rye over the last 12 months, the estimated median property value of 15 The Glen is $1.12m.

Median value
$1.12m
Estimated value range
$900k - $1.55m
Median days on market
148
Estimated value trend
-19%
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 15 The Glen

2025
Sold
$947,500
02 Dec 2025 by Paul Cunnington, of Belle Property Dromana/Rosebud

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 68 reviews in Rye over the last 12 months.

Local market activity for 6 bedroom houses in Rye

In the last 12 months, 5 six-bedroom houses similar to 15 The Glen, have been sold.

This represents a 15% increase in six-bedroom houses sales when compared to the previous 12 months.

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