159 Swallow Street, Shepparton provides an extremely rare opportunity for developers/investors.
Located close to the CBD, schools & shopping centres, this rare allotment size of 1251m2 (approx.) also sits in the Residential Growth Zone.
Approved plans & permits in place for a 6 x unit development as well as preliminary drawings (STCA), featuring multiple designs.
The units are approved for SDA (Specialist Disability Accommodation), potentially offering an even higher rental yield once complete.
Breakdown
6 x single storey units
2 x units - 3 bedrooms, 1 bathroom, 1 garage
4 x units 2 bedrooms, 1 bathroom, 1 garage
No easements on the blocks. All the hard work and time has been done and is now ready for the next person to develop.
This is an exceptionally rare opportunity, with sites of this scale and approval rarely offered to the market.
Property Code: 1592
The size of Shepparton is approximately 42.9 square kilometres. It has 101 parks covering nearly 25.5% of total area. The population of Shepparton in 2016 was 31197 people. By 2021 the population was 32067 showing a population growth of 2.8% in the area during that time. The predominant age group in Shepparton is 30-39 years. Households in Shepparton are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Shepparton work in a professional occupation.In 2021, 58.20% of the homes in Shepparton were owner-occupied compared with 58.60% in 2016.
Shepparton has 18,514 properties. Over the last 5 years, Houses in Shepparton have seen a 60.66% increase in median value, while Units have seen a 56.07% increase. As at 31 March 2026:
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