16 Forrest Drive, Nyora, VIC 3987 | AcreageSemi-rural for sale | OnTheHouse
 
FOR SALE
$1,100,000 - $1,200,000

16 Forrest Drive
Nyora VIC 3987

Bedrooms: 6
Bathrooms: 2
Car spaces: 5
Land area: 10ac
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Cash Cow on 10 Acres

An absolutely awesome investment with a potential return of $75,000 per annum
or live in one and rent out the other- the choice is yours!
Two properties with two separate entrances are just the beginning of the potential offered by this versatile property. Currently set up for equine use, the land features eight paddocks, most with loose boxes, along with a riding arena and two dams, creating the ideal setup for horse enthusiasts.
The main residence offers three bedrooms, a cosy lounge with a wood fire, and a modern kitchen and bathroom. Step outside to an outdoor deck that captures beautiful water views. Additional improvements include a double garage, carport, small sheds, and a studio, perfect for the budding artist or hobbyist.
Building Two has been recently completed and is a two-storey structure currently used as a spacious office, complete with a kitchen and shower room. With a few modifications, it could potentially be converted into a second dwelling (STCA). This building also benefits from its own separate entrance, independent meter, and phone connection.
Outside, you’ll find another double garage, a vegetable garden, and a phone tower that provides additional annual income.
If you’re looking for your own private retreat with enormous potential, this is an opportunity not to be missed. Properties like this are rare, enquire today.
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Property Details for 16 Forrest Dr, Nyora

16 Forrest Dr, Nyora is a 6 bedroom, 2 bathroom AcreageSemi-rural with 5 parking spaces. The property has a land size of 10ac. The place is currently for sale with First National Real Estate Neilson Partners - NARRE WARREN.

Building Type
AcreageSemi-rural
Land Size
10ac
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About Nyora 3987

The size of Nyora is approximately 79.7 square kilometres. There are 3 parks within the area. The population of Nyora in 2016 was 1527 people. By 2021 the population was 1644 showing a population growth of 7.7% in the area during that time. The predominant age group in Nyora is 50-59 years. Households in Nyora are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Nyora work in a trades occupation.In 2021, 90.40% of the homes in Nyora were owner-occupied compared with 85.40% in 2016.

Nyora has 945 properties. Over the last 5 years, Houses in Nyora have seen a -2.34% decrease in median value, while Units have seen a 105.00% increase. As at 31 July 2026:

  • The median value for Houses in Nyora is $1,013,853 while the median value for Units is $515,557.
  • Houses have a median rent of $255.
There are currently 20 properties listed for sale, and no properties listed for rent in Nyora on OnTheHouse. According to Cotality's data, 43 properties were sold in the past 12 months in Nyora.

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Andrew Mactaggart
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First National Real Estate Neilson Partners - NARRE WARREN
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