292/65 Channel Road, Shepparton VIC 3630

Retirement village unit | Flood overlay | Modern Genoa design | Near primary school | Fibre internet This property presents a competitively priced entry into Shepparton’s purpose-built retirement living sector, a segment offering lower-maintenance housing with inherent demand from downsizers. Its modern Genoa design with wood-look flooring and a spacious rear living area delivers a contemporary standard above many older units, while the configuration with two toilets and a study nook enhances practicality. The unit serves retirees or investors seeking a stable tenant pool, with its location within a kilometre of primary schools and the larger complex providing community. Proximity to essential services and the inclusion of Fibre to the Premises internet support modern living expectations. The decision hinges on accepting the flood overlay risk, which may impact future insurance premiums and resale liquidity, and the specific operational model of the retirement complex, which likely includes ongoing fees. The commercial logic is in the estimated rental yield, which is strong relative to the price point, suggesting the unit can service debt effectively for an investor or provide cost-effective housing for an owner-occupier retiree. Given the comparable sales within the complex, this listing is priced at the market’s upper range; proceed with a strata report to clarify fee structures and a firm offer conditional on a satisfactory flood impact assessment, as this property is best held for long-term income or occupancy rather than short-term capital gain. Recent comparable sales within the same complex provide a clear value benchmark: – Unit 118/65 Channel Road: 2 bed, 1 bath, 1 car. Listed at $385,000-$395,000 with an estimated value of $395,000. – Unit 36/65 Channel Road: Retirement aged care. Estimated value $426,000. – Unit 278/65 Channel Road: 2 bed, 1 bath house. Estimated value $365,000 (range $315,000-$405,000). These comparables confirm the subject property’s asking price of $399,000-$410,000 is aligned with, but at the premium end of, the established range for similar units in this complex. This positioning demands that the property’s specific condition and features justify the top-tier ask.