FOR SALE
$1,500,000

281 Severin Street
Parramatta Park QLD 4870

Bedrooms: 14
Bathrooms: 4
Car spaces: 2
Land area: 415m2
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Prime Investment Opportunity - Potential Share House

Features include:
Seize a prime investment opportunity with this exceptional property in the heart of Parramatta Park. This corner lot, featuring a tastefully converted 2-story Queenslander, presents a compelling prospect for investors seeking modern, low-maintenance units in a highly desirable rental location. This Prime rental location has the potential of up to 15 % if converted to share-housing.
Property Highlights:
Location: 281 Severin Street, Parramatta Park
Freehold title.
No Body Corp Fees
Land Size: 415 m2 corner block
Zoning: Residential
Proximity: Close to schools, parks, sports facilities, and only a 3-minute drive to Cairns Central
Public Transport: Conveniently accessible
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Property Details for 281 Severin St, Parramatta Park

281 Severin St, Parramatta Park is a 14 bedroom, 4 bathroom Apartment with 2 parking spaces. The property has a land size of 415m2. The place is currently for sale with Freeman's Residential.

Building Type
Apartment
Land Size
415m2

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About Parramatta Park 4870

The size of Parramatta Park is approximately 1.6 square kilometres. It has 4 parks covering nearly 13.9% of total area. The population of Parramatta Park in 2011 was 3,226 people. By 2016 the population was 3,515 showing a population growth of 9.0% in the area during that time. The predominant age group in Parramatta Park is 20-29 years. Households in Parramatta Park are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Parramatta Park work in a community and personal service occupation. In 2011, 29.4% of the homes in Parramatta Park were owner-occupied compared with 29.8% in 2016.

Parramatta Park has 1,942 properties. Over the last 5 years, Houses in Parramatta Park have seen a 46.62% increase in median value, while Units have seen a 68.03% increase. As at 30 November 2024:

  • The median value for Houses in Parramatta Park is $596,882 while the median value for Units is $411,721.
  • Houses have a median rent of $500 while Units have a median rent of $435.
There are currently 29 properties listed for sale, and 8 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 106 properties were sold in the past 12 months in Parramatta park.

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