3/63 Edward Street, Shepparton VIC 3630
3/63 Edward Street, Shepparton VIC 3630
2-bed unit on a 218m² parcel | 2 car spaces | ground-oriented layout | central Shepparton pocket | practical low-maintenance buy
This unit holds a genuine edge for its size. A 218m² allotment with two dedicated car spaces is uncommon for a two-bedroom unit, giving it a more house-like feel than the typical compact apartment. It sits in a central, low-rise residential pocket where walkability to schools, shops, and the CBD drives steady demand from downsizers, first-home buyers, and small households. The configuration suits someone wanting lock-and-leave convenience without sacrificing outdoor space or parking flexibility. For an investor, the same features support consistent rental appeal, though the owner-occupier market likely values the spatial advantage most.
The price outcome may hinge on how the internal condition and finish compare to similar units nearby, since the layout and land are already strong. The 93m² building area is workable but not generous, so storage and room flow could matter more than in a larger property. The absence of confirmed building age or floor level means the buyer should verify structural condition and any strata-style obligations before committing. The central location supports value, but the unit market here is not premium-driven, so pricing may stay disciplined. A buyer should weigh the land-to-building ratio against what similar two-bedroom units have achieved recently, particularly those with comparable car accommodation.
|| Comparable Sales: 2/63 Edward Street unit range $335K–$350K; 1/38 Edward Street 2-bed unit nearby | Property Price Band: $490K–$520K | Value Drivers: land size, two-car provision, central walkable location, internal condition
Detailed Independent Property Report prepared by PropCred Analyst team for 3/63 Edward Street, Shepparton VIC 3630
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
URL has been copied successfully!
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.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 2/63 Edward Street unit range $335K–$350K; 1/38 Edward Street 2-bed unit nearby | Property Price Band: $490K–$520K | Value Drivers: land size, two-car provision, central walkable location, internal condition
Bedrooms
2
Bathroom
1
Parking
2
Land
920m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!