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Overview
This purpose-built Class 1B registered rooming house investment at 75 Grutzner Avenue, Shepparton, stands out as a highly sought-after asset within regional Victoria's strong rental market. Constructed to modern standards just 12 months ago, the design focuses not on conversion but on specialist accommodation, ensuring both regulatory compliance and tenant appeal.
Occupying approximately 605 square meters of land, the property comprises nine spacious bedrooms, each equipped with private ensuites, individual kitchenettes, built-in robes, and split-system heating and cooling. This thoughtful layout provides tenants with autonomy and comfort, essential for long-term tenancy and operational efficiency. The property's fully furnished state facilitates immediate income generation, offering a turnkey investment to prospective buyers.
The current rental income of around $330 per room weekly generates approximately $154,440 annually at full occupancy, demonstrating a robust cash flow potential. Additionally, low maintenance construction and favourable depreciation benefits enhance the investment's long-term financial appeal.
The property's location near shopping centres, schools, medical facilities, public transport, and employment hubs ensures sustained demand for quality accommodation. This asset is particularly well-suited for investors seeking a secure, high-yield opportunity with minimal operational overhead, positioned to meet ongoing tenant demand in a competitive regional market.
Local Market Insights
In Shepparton, Quiet Listings observed 25 new houses entering the market over the last 30 days, up from 19 during the previous 30-day period, with an average advertised asking price of $678,020. The property type mix of listed properties is predominantly Houses at 61%, followed by units (17%), and commercial properties (11%). Gagliardi Scott Real Estate was the most active agency in this area, representing 32.0% of all new listings in the last 30 days. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Shepparton VIC 3630
Market Insights for Shepparton VIC 3630
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