16 Forrest Drive, Nyora VIC 3987

Rural equine setup | dual-entrance compound | phone tower income | bushfire overlay | bay views from deck. This property presents a rare, income-generating rural compound tailored for a buyer seeking both privacy and functional versatility. Its dual-entrance layout, with a main residence and a substantial secondary structure approved for office use, creates immediate potential for a home business, dual occupancy, or extended family living, subject to council consent. The established equine facilities, including paddocks and an arena, cater to a specific lifestyle or agricultural pursuit not found in typical suburban listings. The reliable phone tower lease provides a passive income stream that directly offsets holding costs, a tangible financial advantage in a higher-interest environment. This configuration is strongest for a buyer whose use-case aligns with its built form-be it as a private retreat, a working rural enterprise, or a multi-generational holding. Proceed with the clear understanding that the bushfire overlay imposes mandatory construction standards and likely higher insurance premiums, a direct and ongoing cost. The discrepancy in reported bedroom and bathroom counts requires physical verification to confirm actual liveable space. While the property’s land size and features exceed local norms, the lack of recent comparable sales in the area complicates precise valuation, placing a premium on your own utility assessment. The secondary dwelling potential is an opportunity, but its commercial logic depends entirely on the cost and certainty of council approval. Acquire this property to hold as a primary residence that capitalizes on its unique amenities and income, not as a speculative development; its value is in its configured use, not its underlying land alone.