FOR SALE
Under Contract

75/64 Great Western Highway
Parramatta NSW 2150

Bedrooms: 2
Bathrooms: 1
Car spaces: 1
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Excellent Building and Fantastic Value in Parramatta!

Investment Opportunity: Charming 2-Bedroom Property in Parramatta
Investors, seize this rare opportunity to acquire a 2-bedroom, 1-bathroom property in the vibrant suburb of Parramatta. This is an excellent chance to expand your portfolio with a property that offers the best of inner city living.
Property Highlights:
• Prime Location - Situated in the heart of Parramatta, one of Sydney's most sought-after suburbs. This location offers convenient access to a plethora of amenities including shopping centres, parks, schools, and public transport.
• Modern Living - The property features a contemporary open plan living area, two spacious bedrooms, and a sleek bathroom. It is designed to maximize natural light, creating a bright and inviting space.
• Quality Construction - Built with high-quality materials and finishes, this property is designed to stand the test of time. It offers low maintenance living, making it an ideal investment property.
• Strong Rental Demand - Parramatta's strong rental market promises a high occupancy rate. The suburb's popularity among professionals, families, and students ensures a steady stream of potential tenants.
• Current rental return of $450 Per/Week
• Capital Growth Potential - Parramatta has experienced significant growth over the past few years. With ongoing infrastructure developments in the area, the property's value is set to increase further.
• Inner City Living - Enjoy the convenience and excitement of inner city living. Parramatta offers a vibrant lifestyle with its diverse dining scene, cultural events, and leisure facilities.
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Property Details for 75/64 Great Western Hwy, Parramatta

75/64 Great Western Hwy, Parramatta is a 2 bedroom, 1 bathroom Unit with 1 parking spaces. The place is currently for sale with LJ Hooker Edensor Park.

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Unit

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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 19,066 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 198 properties listed for sale, and 197 properties listed for rent in Parramatta on OnTheHouse. According to CoreLogic's data, 982 properties were sold in the past 12 months in Parramatta.

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Patrick Huynh
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LJ Hooker Edensor Park
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