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4 Monash Street, Shepparton VIC 3630

$655,000-$685,000

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$655k - $688k Transparent Transparent Listing Based on an openly advertised listing price.

House 3 Beds 1 Bath 1 Car 1136 m² 197 m²

Listed: 48 days ago

Updated: 2 days ago

Overview

Set in the heart of Shepparton's hospital precinct, this property offers a rare opportunity on a substantial 1,136 square metre allotment close to GV Health and the central business district. The expansive land size lends itself to various development possibilities, reflecting the site's previous consideration for a four-lot subdivision. While the subdivision approval has lapsed, the potential remains for redevelopment subject to council approval, making this an enticing proposition for developers, investors, or owner-occupiers with an eye to future value.

The existing home offers approximately 197 square metres of living space, presenting a comfortable and established residence while plans for future change are explored or implemented. Its three bedrooms with built-in robes and central bathroom cater well to family living or comfortable rental accommodation. The fully equipped kitchen and generous living area benefit from split-system heating and cooling, ensuring comfort throughout the year. Outdoors, a large backyard provides versatile open space along with practical shedding, reinforcing the practicality and appeal of this sizeable parcel.

This property’s combination of location, generous land, and flexible living arrangements make it suitable for a diverse range of buyers—those seeking to renovate and enjoy a convenient lifestyle close to key amenities, investors targeting steady rental returns, or developers aiming to unlock the site’s subdivision potential. Its positioning near major health facilities and the Shepparton CBD enhances accessibility and convenience, adding significant lifestyle and investment value.

Local Market Insights

In Shepparton, Quiet Listings observed 27 new houses entering the market over the last 30 days, up from 23 during the previous 30-day period, with an average advertised asking price of $622,556. The property type mix of listed properties is predominantly Houses at 70%, followed by townhouses (10%), and commercial properties (8%). The most active agency for houses in the Shepparton area is currently Gagliardi Scott Real Estate, representing 33% of new listings, followed by Shepparton Real Estate with 22%. 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.