4/81-83 Macintosh Street, Shepparton VIC 3630

Two-bedroom unit in tightly held complex | 100% long-term owners, zero turnover | Strong yield potential near 7% | Last sold 17 years ago, priced below comparable sales. This property sits inside a seven-unit complex with an exceptional ownership profile: every owner has held for more than a decade, and the average tenure exceeds 21 years. That near-zero churn signals a well-managed, low-conflict building and a genuine scarcity of supply , a rare configuration edge for a buyer seeking both income and capital stability. The rental yield of just over 7% is well above suburb averages, and the unit’s features , air conditioning, built-in robes, gas heating, and a shed , make it competitive against newer stock. This best suits a buy-and-hold investor or an owner-occupier wanting a solid foothold in Shepparton with minimal future competition from within the building. The main risk is the absence of recent comparable sales: the last transaction for this unit was in 2009, and the most recent in the complex was 2021 at $220,000. The Domain mid-estimate of $300,000 sits well below the property.com.au asking range of $390,000–$420,000, creating a wide gap that must be resolved through inspection and due diligence. The buyer’s opportunity is to negotiate from the lower end of that range, using the long ownership tenure and lack of recent sales evidence as leverage. Hold this property for rental income first, capital growth second, and expect low ongoing turnover risk from neighbours.