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57 Rea Street

Shepparton VIC 3630

3
2
772 m²
House
Currently for sale - view listing

Overview

Heritage-Fronted Home Offering Exceptional Two-Unit Development Opportunity

Located in Shepparton's CBD, this unique property presents an exceptional opportunity set on a generous 772m²* block in one of Shepparton's most prestigious streets. Offering outstanding potential to rebuild or develop (STCA), this property is ideally suited to developers or savvy investors looking to add value and maximise returns. With a heritage overlay at the front, the original façade must be retained, preserving its character and street appeal while still allowing flexibility to enhance or redevelop the rear of the property. An outstanding opportunity exists to retain the characteristic front façade and capitalise on the generous allotment by building at the rear. With subdivision potential (STCA) and scope for a second dwelling or unit, this is a highly flexible and appealing development prospect. Importantly, the property comes with an endorsed planning permit and approved plans for a two-unit development, allowing buyers to fast-track the process and move forward with confidence. Positioned close to quality schools, GV Health, local shopping precincts, and everyday amenities, this property delivers a convenient and well-connected lifestyle in a sought-after location. A rare opportunity to secure a property with character and genuine development potential-bring your vision and capitalise on the possibilities.

Features

3 bedrooms
2 bathrooms
772 m² lot size
House

Happy sellers in Shepparton

94%
94% of sellers in Shepparton reported that their sale price either exceeded or met their price expectations.

Shepparton stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 33 reviews in Shepparton over the last 12 months.

Local market activity for 3 bedroom houses in Shepparton

In the last 12 months, 306 three-bedroom houses similar to 57 Rea Street, have been sold.

This represents a 30% increase in three-bedroom houses sales when compared to the previous 12 months.

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