23 Gourlay Street, Shepparton VIC 3630

7-bed house with granny flat | 671m² lot in flood overlay | 1967 build with ducted heating | 3 living areas, shed, gym This property presents a high-utility, multi-generational living solution or a strong rental investment case, given its seven-bedroom layout and self-contained granny flat. Its three living areas and multiple car spaces are competitively strong for large families or investors seeking dual-income potential from a single title, directly serving buyers needing scale or income segmentation in a suburban setting. The configuration is rare for the price bracket in Shepparton, positioning it as a value-play on functional space over premium finishes. The primary decision hinges on navigating its flood and bushfire overlays, which impose due diligence costs and may constrain future development or insurance premiums. The commercial opportunity lies in leveraging the existing granny flat for rental yield to offset holding costs, making it a hold-and-rent proposition. Proceed with a conditional offer contingent on detailed overlay impact assessments and a building inspection for the 1967 structure; our property report provides the necessary real market valuation, checks for locality-specific risks, and insurance feasibility analysis.