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 . Very high returns. Up to 15%

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 offers net returns of up to 15 %.
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 1,927 properties. Over the last 5 years, Houses in Parramatta Park have seen a 41.21% increase in median value, while Units have seen a 65.86% increase. As at 31 October 2024:

  • The median value for Houses in Parramatta Park is $583,677 while the median value for Units is $406,749.
  • Houses have a median rent of $500 while Units have a median rent of $435.
There are currently 41 properties listed for sale, and 15 properties listed for rent in Parramatta park on OnTheHouse. According to CoreLogic's data, 94 properties were sold in the past 12 months in Parramatta park.

Suburb Insights for Parramatta Park 4870

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Jamie Sail
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Freeman's Residential
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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.