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32 Fairhills Drive Rye, VIC 3941

Sold for $611,000 on 27 Jun 2026Floorplan
  • 4 Beds
  • 2 Baths
  • 1 Car
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32 Fairhills Drive, Rye, VIC 3941

House in Rye

Mortgagee Auction | Half-Built, Full Potential

  • 4 Beds
  • 2 Baths
  • 1 Car

The situation is straightforward: the property is subject to a Mornington Peninsula Shire Council Building Order, issued as structural alterations and additions - including decking to both the east and west elevations - were carried out without building permits. The Council has issued a Stop Work Order. The incoming owner will need to either engage a private building surveyor to certify and rectify the works, or demolish and rebuild the unpermitted structures with proper approval.
For those who know what they're doing, this is exactly the kind of project that delivers strong returns.

Perched in an elevated position with great views across the Peninsula, this 4-bedroom, 2-bathroom home presents a rare opportunity for builders, investors, and savvy buyers ready to unlock serious potential.
The property is partially complete with the hard work already underway - bathrooms are fully tiled, and the master bedroom features a walk-in robe and ensuite. The bones are here, the views are real, and the upside is undeniable.

Highlights:

4 bedrooms | 2 bathrooms
Elevated block with great views
Bathrooms tiled, master with WIR & ensuite(unfinished)
Partially completed - scope to finish to your own standard
Council Building Order & Stop Work Order in place - full transparency
Mortgagee sale - must be sold unconditionally at auction

Buyers are advised to conduct full due diligence prior to bidding. Building Order documentation available in section 32.
10% deposit, 30/60/90 days

Land:

866m² / 0.21 acres

Parking:

1 garage space

Bedrooms:

4

Bathrooms:

2