3/507 Wyndham Street, Shepparton VIC 3630
3/507 Wyndham Street, Shepparton VIC 3630
Two-storey townhouse | direct lake frontage | fully furnished | leased at $600/week | compact 83m² with study nook
This property occupies a genuinely uncommon position in central Shepparton. Direct frontage to Victoria Park Lake with an upstairs balcony is rare for a unit of this size and price point. The two-storey layout with open-plan ground floor and study nook upstairs feels more spacious than the 83m² suggests. Being fully furnished and currently leased at $600 per week signals strong rental demand from professionals or downsizers who value walkability to the lake precinct, SAM museum, and CBD. It suits buyers wanting a lock-and-leave base or investors chasing yield without the maintenance of a standalone house. The low-maintenance format and modern finishes mean limited immediate capital outlay.
The price range of $400,000 to $440,000 may reflect the trade-off between location and size. At 83m² with one bathroom, it is compact compared to newer townhouses in outer estates. The 2023 sale at $405,000 provides a recent reference point, but the furnished status and current tenancy may support the upper end of the range. Buyers should weigh whether the lake outlook and central position justify the premium over standard units in the suburb. The single parking space and strata-style living may limit appeal for families or those requiring more space.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/507 Wyndham Street, Shepparton VIC 3630
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
1
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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
2
Bathroom
1
Parking
1
Land
83m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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