FOR SALE
AUCTION

2 O'Reilly Street
Parramatta NSW 2150

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 809m2
Auction Time
Wed 11 Dec 10:00 am
Inspection Times
No upcoming inspections scheduled.
Contact agent to arrange an inspection.
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CBD FRINGE - DA APPROVED BOARDING HOUSE SITE WITH MINIMAL EXCAVATION

Ray White Commercial is pleased to present to market 2 O'Reilly Street, Parramatta, a DA approved boarding house on the CBD Fringe. The property will be offered for sale via Auction on Wednesday, 11th December 2024 unless sold prior.
This site is DA approved for the construction of a five-storey 39-room boarding house, complete with at-grade parking. This development site offers an exceptional development opportunity for boutique developers and boarding house operators looking to capitalise on Parramatta's growth and proximity to the CBD, transport, and amenities.
Located on the Parramatta CBD fringe, 2 O'Reilly Street is only 600m* from Westfield Parramatta and enjoys convenient access to all that Greater Sydney's economic hub has to offer. With a current vacancy rate of just 1.5%** in the area, this DA approved boarding house site stands to benefit from strong rental demand.
Additional highlights of the asset include:
• Site area - 809sqm*
• Zoning - R4 High Density Residential
• FSR - 0.8 : 1
• Height Limit - 11m
• DA approved for 39-room self-contained boarding house over five storeys
• CC documents ready
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Property Details for 2 O'Reilly St, Parramatta

Building Type
Commercial
Land Size
809m2

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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 19,061 properties. Over the last 5 years, Houses in Parramatta have seen a 58.91% increase in median value, while Units have seen a 7.01% increase. As at 31 October 2024:

  • The median value for Houses in Parramatta is $1,737,809 while the median value for Units is $609,829.
  • Houses have a median rent of $630 while Units have a median rent of $650.
There are currently 201 properties listed for sale, and 187 properties listed for rent in Parramatta on OnTheHouse. According to CoreLogic's data, 985 properties were sold in the past 12 months in Parramatta.

Suburb Insights for Parramatta 2150

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Troy Wang
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RWC Western Sydney
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.