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Overview
This superbly maintained studio apartment is situated in a highly sought-after location, offering exceptional convenience and excellent investment potential. Located just minutes on foot from Westfield Parramatta and the Parramatta train station, this property provides easy access to shopping, transport, and city amenities.
The residential complex is well-regarded for its desirable location, featuring a spacious lobby and secure parking facilities. The modern apartment includes a balcony that offers a pleasant outlook over Parramatta city, enhancing the living experience with outdoor space and city views.
Currently rented at $355 per week, this property generates a very attractive rental income, making it a rare opportunity for positive cash flow investment. The strata fees are notably low, approximately $240 per quarter, which adds to the affordability and appeal for investors.
This apartment is ideal for those seeking a convenient urban lifestyle or a solid investment in a prime location. Its proximity to major transport hubs and shopping centers ensures ongoing demand and potential for capital growth.
Overall, this property combines location, convenience, and financial benefits, making it a compelling choice for buyers looking to enter the Parramatta market or expand their investment portfolio.
Local Market Insights
In Parramatta, Quiet Listings observed 40 new apartments entering the market over the last 30 days, down from 64 during the previous 30-day period, with an average advertised asking price of $703,125. The property type mix of listed properties is predominantly Apartments at 59%, followed by units (21%), and commercial properties (11%). Ray White was the most active agency in this area, representing 37.5% 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.
Change History
| Headline | When |
|---|---|
| Price - $285,000 | |
| $285,000.00 |
Location
Parramatta NSW 2150
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 28 m² |
Market Insights for Parramatta NSW 2150
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