Back 58 Valley Drive
Off Market

58 Valley Drive

Rye VIC 3941

5
2
4
694 m²
House
Last sold for $835,000
Tony TalaricoTony Talarico, last sold this property on 24 September 2025 after 33 days on market.

Overview

Dual Dwelling Opportunity in the Heart of Rye

Set in a sought-after pocket of Rye, 58 Valley Drive presents a rare and exciting chance to secure two properties on the one title the ultimate blend of lifestyle and investment. The front residence is available with vacant possession - ready to be moved into, leased out, or stylishly updated to maximise its potential and features three spacious bedrooms, a central bathroom, two versatile living zones, a large kitchen and dining area, and a private courtyard ideal for outdoor entertaining. To the rear, a second two bedroom, one bathroom dwelling provides immediate income security with a lease in place until June 2026. This dual dwelling setup creates an exceptional opportunity for investors, multi-generational living, or those looking to live in one and earn passive income from the other. The location adds further appeal just minutes from Rye's vibrant shopping strip, cafés, restaurants, and the stunning foreshore. Beautiful bay beaches, Peninsula Hot Springs, golf courses, and award-winning wineries are all within easy reach, ensuring strong rental demand and lifestyle appeal year-round. Whether you're seeking a set-and-forget investment, a flexible living arrangement, or a property with future growth potential, 58 Valley Drive delivers on all fronts. Key Features: · Dual dwelling property on one title · Front property offered with vacant possession · Rear dwelling tenanted until June 2026 immediate rental income stream of $400pw · Ideal for investors, dual living or holiday letting (STCA) · Prime Rye location close to shops, cafés, beaches, and attractions *All distances and measurements are approximate only.

Features

5 bedrooms
2 bathrooms
4 carspaces
694 m² lot size
House

Estimated Value

Based on this property and similar 5 bedroom houses sold in Rye over the last 12 months, the estimated median property value of 58 Valley Drive is $1.37m.

Median value
$1.37m
Estimated value range
$835k - $3.35m
Median days on market
81
Estimated value trend
43%
increase 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 58 Valley Drive

2025
Rented
Undisclosed
Leased on 13 Nov 2025 by Catherine Barrand Realty
2025
Sold
$835,000
Private Sale/Treaty on 24 Sep 2025 by Tony Talarico, of YPA Real Estate Agents 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 71 reviews in Rye over the last 12 months.

Local market activity for 5 bedroom houses in Rye

In the last 12 months, 22 five-bedroom houses similar to 58 Valley Drive, have been sold.

This represents a 28% increase in five-bedroom houses sales when compared to the previous 12 months.

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