4/507 Wyndham Street, Shepparton VIC 3630

2-bedroom, 3-bathroom townhouse | dual-ensuite layout | flood overlay present | St Georges Road Primary zone The property’s most competitive edge is its three-bathroom configuration within a two-bedroom floorplan, which is unusual for a townhouse at this price point and gives a buyer genuine positional leverage in the rental market. The dual ensuites and balcony to the master bedroom create a layout that competes with newer stock, while the 2082m² lot on an 82m² footprint suggests shared land with low individual site risk. This property serves best for an investor targeting professional tenants or a downsizer wanting single-level convenience with separate guest accommodation. The flood overlay is the primary risk and will narrow the buyer pool at resale, which means the purchase price must already discount for that constraint. The 2020 sale history and current $448,000 list price indicate the market has not repriced the property upward in a meaningful way, so any offer should reflect that flat trajectory. The rental estimate of $525 per week provides a gross yield near 6 percent, which is strong for Shepparton, but the buyer should verify actual lease history before committing. Hold this property for cash flow, not capital gain, and treat the flood overlay as a permanent ceiling on appreciation.