21 Fitzgerald Street, Shepparton VIC 3630
21 Fitzgerald Street, Shepparton VIC 3630
3 bed family home | 795sqm block | 41% building coverage | strong rental yield near 5% | no overlay risk
This property presents a compelling proposition for a family buyer or investor seeking a well-positioned house with expansion potential. The 795sqm block at only 41% building coverage is the standout feature, offering rare room for a future extension, shed, or subdivision feasibility in a residential zone with no bushfire, flood, or heritage constraints. The split-system heating and cooling, built-in robes, and fully fenced outdoor area make it immediately livable, while the NBN Fibre to the Premises adds a modern convenience. Zoning to Bourchier Street Primary and Greater Shepparton Secondary College strengthens its appeal to families. At an estimated value of $679,000 and a rental midpoint of $620 per week, the yield sits near 4.8%, which is solid for a regional market. This property suits a buyer who values land content and long-term optionality over a turnkey finish.
The key risk is the wide price guide of $508,000 to $780,000, which signals potential seller uncertainty or a need to test the market. The 1996 sale at $167,000 and the 1992 sale at $40,000 provide no recent comparable evidence, so the buyer must rely on the nearby 19 and 6 Fitzgerald Street valuations of $660,000 to $705,000 for context. The 322sqm building is modest for the block, meaning the buyer pays for land they may not immediately use. There is no garage or carport beyond a single remote space, which could be a minor drawback for families. The opportunity lies in holding the property for land appreciation or adding value through a rear extension or secondary dwelling. Use this property as a long-term hold with a view to developing the rear portion within five years.
Detailed Independent Property Report prepared by PropCred Analyst team for 21 Fitzgerald Street, Shepparton VIC 3630
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Shepparton presents as a stable regional centre underpinned by a diversified economic base. Demand is driven by affordability and strong rental growth, attracting investors and owner-occupiers seeking value. Recent price trends show solid annual growth, though market conditions are softening with rising stock and extended selling periods. Future growth is primed by its economic fundamentals, yet risks include increasing vacancy rates and sensitivity to broader interest rate pressures.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
-
Land
795m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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