FOR SALE
$190,000

128/1-3 Valentine Avenue
Parramatta NSW 2150

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Set & Forget Investment Opportunity - Mantra Parramatta

Unit 128, Mantra Parramatta -
Inspections available via private appointment, please contact the agent to arrange inspections.
Presenting a fantastic opportunity to secure a set and forget investment with incredible returns located in the heart of the Parramatta CBD, perfect for a long term investment or self managed super fund (SMSF) acquisition.
This fully furnished hotel room is a managed investment asset currently leased to Mantra Hotels Parramatta generating a gross revenue of $45,411* within the last 12 months, with the owner receiving 50% of the apartments revenue, minus expenses.
Note: The monthly income is not fixed & can fluctuate with travel demand and use of the property.
Property Features Include:
- Spacious bedroom with large window and built in wardrobe
- Kitchenette with electric cooktop
- Bathroom with bathtub and tiled floor to ceiling
- Ducted air conditioning
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Property Details for 128/1-3 Valentine Ave, Parramatta

128/1-3 Valentine Ave, Parramatta is a 1 bedroom, 1 bathroom Apartment. The place is currently for sale with Village Property Estate Agents.

Building Type
Apartment

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About Parramatta 2150

The size of Parramatta is approximately 5.5 square kilometres. It has 29 parks covering nearly 23.8% of total area. The population of Parramatta in 2011 was 19,744 people. By 2016 the population was 25,788 showing a population growth of 30.6% in the area during that time. The predominant age group in Parramatta is 30-39 years. Households in Parramatta are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parramatta work in a professional occupation. In 2011, 35.9% of the homes in Parramatta were owner-occupied compared with 28.1% in 2016.

Parramatta has 19,275 properties. Over the last 5 years, Houses in Parramatta have seen a 71.69% increase in median value, while Units have seen a 8.12% increase. As at 31 August 2024:

  • The median value for Houses in Parramatta is $1,717,774 while the median value for Units is $611,632.
  • Houses have a median rent of $650 while Units have a median rent of $640.
There are currently 198 properties listed for sale, and 170 properties listed for rent in Parramatta on OnTheHouse. According to CoreLogic's data, 1041 properties were sold in the past 12 months in Parramatta.

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Thomas (Tom) Jones
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Tom Jones | Serviced Apartments
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Village Property Estate Agents
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