48 Cameron Avenue, Shepparton VIC 3630
48 Cameron Avenue, Shepparton VIC 3630
Weatherboard with rumpus room | 628m² flood-overlay block | 40% site coverage | 252m² building footprint
The property’s standout competitive edge is its 252m² building footprint on a 628m² lot, offering unusually high covered space for a 3-bedroom house. The rumpus room and separate shed add functional depth rarely found at this price tier, and the 40% site coverage suggests scope for extension or subdivision if the flood overlay permits. This suits a buyer seeking a renovation project with immediate livability or an investor targeting long-term land appreciation in a 70% owner-occupied street with stable demand character.
The flood overlay is the primary risk, constraining redevelopment options and potentially raising insurance costs, which a buyer must verify with council before committing. The 2016 last sale date and lack of recent renovation history mean the property likely requires capital outlay for updates, though the weatherboard structure with mock brick cladding is straightforward to work with. The building footprint advantage is real but only if the overlay allows its full use. Hold this as a renovation play or long-term land bank in a market where 3-bedroom houses sell in 35 days median.
Detailed Independent Property Report prepared by PropCred Analyst team for 48 Cameron Avenue, Shepparton VIC 3630
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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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
3
Bathroom
1
Parking
2
Land
628m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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