58 Valley Drive, Rye VIC 3941

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.