28 Marungi Street provides a wonderful development opportunity (STCA), with a favourable Activity Centre Zone, situated in a most desirable location in the CBD.
Occupying the site at present is an original, brick veneer 3-bedroom home, circa 1960s, that could be renovated or developed further into a large residence with a nice size back yard for the young executive or retiree wanting the convenience of being in walking distance to the shops, restaurants, cafes, or the walking tracks along the Goulburn River. For the investor, the home is currently rented at $300 per week to a long-term tenant.
The home is set forward on the block of 655m2 (approximately) providing an ideal two-lot residential townhouse site or utilised for commercial opportunities (STCA) such as health services or work-from-home businesses. This is definitely a property with potential that won't last.
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 18,524 properties. Over the last 5 years, Houses in Shepparton have seen a 63.91% increase in median value, while Units have seen a 72.11% increase. As at 31 January 2026:
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