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Overview
This well-presented apartment is located in the heart of Parramatta CBD within the renowned Mantra Serviced Apartments by the Accor Group, ensuring a prime position for convenience and lifestyle. The unit offers approximately 30 square metres of bright space, featuring large windows with pleasant views over the swimming pool, enhancing the overall ambiance with natural light.
The cleverly designed interior seamlessly caters to both living and working needs, with integrated furnishings including a work desk and wall-mounted TV with Foxtel service, alongside fully convertible furniture that maximises flexibility without detracting from style.
The functional kitchenette is fully equipped with essential appliances such as a double hot-plate stove, microwave, refrigerator, and rangehood, complemented by a fully tiled bathroom featuring a wraparound granite basin and a shower over bath. These well-appointed spaces offer both comfort and practicality.
Residents benefit from a range of building amenities including an outdoor swimming pool and spa, gymnasium, conference rooms, function centre, on-site dining/bar facilities, and 24/7 reception support, all contributing to a well-rounded urban living experience.
Investment potential is a key highlight of this property, making it suitable for self-managed super funds or long-term investors. It provides multiple management options such as standard residential tenancy agreements with reliable rental returns around $500 to $550 per week, a hotel pool scheme generating variable gross annual income between $18,000 and $22,000, and the flexibility to operate short-term lets catering to business or tourist visitors.
Additional practical considerations include strata levies covering utilities, affordable quarterly council and water rates, communal laundry facilities on each floor, and inclusion of all fixtures and existing furniture in the sale, facilitating immediate occupancy or rental readiness.
This apartment is ideal for buyers seeking a compact, low-maintenance urban property with versatile usage opportunities in a vibrant and well-connected CBD location.
Local Market Insights
In Parramatta, Quiet Listings observed 37 new apartments entering the market over the last 30 days, down from 40 during the previous 30-day period, with an average advertised asking price of $733,486. The property type mix of listed properties is predominantly Apartments at 59%, followed by units (20%), and houses (14%). The most active agency for apartments in the Parramatta area is currently Ray White, representing 30% of new listings, followed by Belle Property with 14%. 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.
Location
Parramatta NSW 2150
Market Insights for Parramatta NSW 2150
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