3 Morrish Road, Shepparton VIC 3630
3 Morrish Road, Shepparton VIC 3630
Renovated 3-bed house | 551m² block | park-front position | strong rental demand | modest 92m² interior
This property holds genuine appeal for first-home buyers and investors seeking a low-maintenance, move-in-ready house in an established suburban pocket. The freshly renovated interior, secure rear yard, and practical extras like the carport and storage sheds reduce immediate outlay, while the park-front position and short walk to the primary school and local shops give it everyday convenience that tends to hold demand steady. At 92m² internally, the layout is compact but functional—well suited to a couple, small family, or tenant wanting manageable upkeep rather than expansive living space. The 551m² block is typical of the area’s older housing stock, offering enough outdoor room without excessive maintenance. This house competes well against older, unrenovated stock in the same street, and its presentation gives it a clear edge for buyers who want to avoid immediate work.
The main factors to weigh are the modest internal size relative to some renovated comparables that offer second living areas or ensuites, and the potential for local flood sensitivity, as a nearby property on the same street has a detected flood overlay. The estimated rental return in the mid-$440s per week suggests solid yield potential, but the price band will ultimately hinge on how buyers value the renovation quality against the compact floor plan. The building’s age is likely mid-century, so future buyers should consider insulation, wiring, and plumbing condition despite the cosmetic refresh. These factors may influence negotiation room, particularly if comparable sales with larger interiors or additional bathrooms are used as benchmarks.
Detailed Independent Property Report prepared by PropCred Analyst team for 3 Morrish Road, Shepparton VIC 3630
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
Shepparton is a regional Victorian centre with a diversified economy spanning agriculture, construction, real estate and transport. Demand is led by investors attracted to gross rental yields near 5.2% for houses and 5.6–5.9% for units, supported by weekly rents of $490 and $420–$430 respectively and a low 1.2% vacancy rate. Renters make up 30% of households, while the buyer base draws from a broad occupational mix of professionals, technicians, labourers and managers. House prices rose 6.1–7.7% over the past year, lifting medians to roughly $485,000–$505,000; unit medians sit around $385,000–$415,000. Market conditions are cooling, however, with days on market stretching from 43 to 74–78, vendor discounting at -5%, and listed stock trending up at 2.04%. Rental growth near 15% underpins yields, but rising vacancy and higher interest rates could pressure negatively geared buyers. Future growth rests on the area’s economic diversity, with affordability still a draw for sub-$450,000 properties.
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PropCred Estimated Value
Comparable Sales: 3 Morris Court sold June 2023, renovated 3-bed with ensuite; 36 Morrish Road valued near $444,000 | Property Price Band: $400,000–$500,000 | Value Drivers: renovation quality, park-front location, land size relative to compact interior
Bedrooms
3
Bathroom
1
Parking
2
Land
540m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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