OFF MARKET

44 Watts Road
Nyora VIC 3987

Bedrooms: 14
Bathrooms: -
Car spaces: -
Land area: 1395m2
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Property Details for 44 Watts Rd, Nyora

Building Type
Commercial
Land Size
1395m2
Local Government
South Gippsland
Lot/Plan
2~1/PP5613

Last Listing description (April 2022)

Here's a great chance to secure a great investment in the thriving community of Nyora.
Packed with potential, you already have 14 storage units currently tenanted, as well as the option to build another 10, plus a small managers home if you wish, or build up to a maximum of 36 units in total(stca), and all the drainage is in and ready to go. For more information call Scott McKenzie today. Please note purchase price is plus GST. Potential returns are massive for this site on over 1/3 Acre, and if you are wanting an easy care investment then look no further.

Property History for 44 Watts Rd, Nyora, VIC 3987

A timeline of how this property has performed in the market
Last Sold
$650,000
21 Apr 2022
Listed for Rent
20 Feb 2019
  • 21 Apr 2022
    Sold for $650,000
  • 18 Nov 2021
    Listed for Sale $699,000
  • 10 Jan 2018
    Listed for Rent $440 / week
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About 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 801 properties. Over the last 5 years, Houses in Nyora have seen a 107.60% increase in median value, while Units have seen a 105.00% increase. As at 30 September 2024:

  • The median value for Houses in Nyora is $1,180,473 while the median value for Units is $278,215.
  • Houses have a median rent of $255.
There are currently 31 properties listed for sale, and no properties listed for rent in Nyora on OnTheHouse. According to CoreLogic's data, 21 properties were sold in the past 12 months in Nyora.

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