21 Mitchell StreetNyora VIC 3987
Property Details for 21 Mitchell St, Nyora
21 Mitchell St, Nyora is a 3 bedroom, 1 bathroom House. The property has a land size of 1058m2 and floor size of 112m2. While the property is not currently for sale or for rent, it was last sold in September 2021.
Last Listing description (January 2024)
Introducing a truly unique and historically significant property in the heart of Nyora, where opportunity and potential converge. This character-filled 3-bedroom, 1-bathroom home with shop frontage offers a glimpse into the past with its rich history as the Nyora Post Office for an impressive 75 years.
Nestled on a generous 1/4-acre corner block, this property is teeming with potential and is a testament to the charm and heritage of this vibrant community.
Residential Charm: The 3-bedroom, 1-bathroom home exudes character and timeless appeal. The kitchen has been thoughtfully updated for modern convenience, offering a blend of history and contemporary living. A spacious living room provides ample space for relaxation, while the bedrooms offer comfortable accommodation with the potential for further customization. A bathroom completes the living space, featuring the comforts of today while retaining the charm of yesteryears.
Shop Frontage with Business Potential: The property's true gem lies in its shop frontage. Zoned for commercial use, it presents a remarkable opportunity for entrepreneurs and small business owners. The shop's storefront, with large windows and an inviting presence, is an ideal space to showcase your business or services. It offers separate access, allowing for the simultaneous operation of a business while maintaining the privacy and tranquility of the residential quarters. The corner location provides excellent visibility and accessibility, making it an excellent choice for those looking to attract local and passing trade.
Investment Potential: This property offers exceptional investment potential with the ability to generate dual rental income. You can choose to live in the charming house while running your business upfront, or lease out both the residential and commercial spaces for an attractive return. Nyora's thriving community ensures there is a demand for both residential and commercial properties.
Historical Significance and Community Ties: For those who appreciate history, owning the former Nyora Post Office, with its 75 years of service to the community, is a unique privilege. The rich historical significance of this property creates a sense of connection with the vibrant community, offering the chance to be a part of Nyora's continuing story.
In summary, this exceptional property in Nyora combines historical significance, character-filled living, and versatile business potential
Property History for 21 Mitchell St, Nyora, VIC 3987
- 17 Oct 2023Listed for Sale Not Disclosed
- 30 Sep 2021Sold for $517,000
- 23 Jun 1995Sold for $70,000
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0About Nyora 3987
The size of Nyora is approximately 79.7 square kilometres. It has 3 parks. The population of Nyora in 2011 was 1,332 people. By 2016 the population was 1,508 showing a population growth of 13.2% in the area during that time. The predominant age group in Nyora is 40-49 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 2011, 86.2% of the homes in Nyora were owner-occupied compared with 85.4% in 2016.
Nyora has 800 properties. Over the last 5 years, Houses in Nyora have seen a 99.27% increase in median value, while Units have seen a 105.00% increase. As at 31 October 2024:
- The median value for Houses in Nyora is $1,130,535 while the median value for Units is $406,573.
- Houses have a median rent of $255.
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