OFF MARKET

45 Iron Street
North Parramatta NSW 2151

Bedrooms: 2
Bathrooms: 1
Car spaces: 5
Land area: 771m2
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Property Details for 45 Iron St, North Parramatta

Building Type
Land
Land Size
771m2
Local Government
City Of Parramatta
Lot/Plan
3/DP518416

Last Listing description (July 2024)

First time offered in 46 years, Raine & Horne Commercial Parramatta is pleased to present to market a rare opportunity to secure a small residential block located on the fringe of Parramatta CBD.

45 Iron Street has direct access to Parramatta CBD via Church Street. In close proximity are major arterial roads such as Windsor Road and James Ruse Drive.

The property also takes advantage of its proximity to Westmead Health Precinct, Parramatta Leagues Club, Commbank Stadium and is only 300m* to North Parramatta neighbourhood shops. A bus stop is located across the road and the Parramatta Light Rail (Est. 2023) is located 700m* on the corner of Church & Factory Streets.

Features include:
• Passing Income: $89,460*
• Land Area: 767sqm*
• One (1) Title
• 4 x 2 Bedroom units
• 1 x 1 Bedroom unit
• Ongrade Parking and Double Lock Up Garage
• Full Brick Construction
• Fully Tenanted
• Potential Rental Upside on Refurbishment

Open for Inspections will be held every Saturday from 11am to 12pm. (Auction Day Open for Inspection will be held 10:30am to 11am)

For Sale via Auction - Saturday 15th October 2022 Onsite at 11am

For further details please call the exclusive agent.

(*approximate)

Property History for 45 Iron St, North Parramatta, NSW 2151

A timeline of how this property has performed in the market
Last Sold
$2,061,000
15 Oct 2022
Listed for Rent
$470/w
09 May 2023
  • 20 Apr 2023
    Listed for Rent $470 / week
  • 06 Dec 2022
    Listed for Rent $350 / week
  • 15 Oct 2022
    Sold for $2,061,000
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About North Parramatta 2151

The size of North Parramatta is approximately 5.2 square kilometres. It has 25 parks covering nearly 25% of total area. The population of North Parramatta in 2011 was 12,593 people. By 2016 the population was 13,236 showing a population growth of 5.1% in the area during that time. The predominant age group in North Parramatta is 30-39 years. Households in North Parramatta are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in North Parramatta work in a professional occupation. In 2011, 46% of the homes in North Parramatta were owner-occupied compared with 41.5% in 2016.

North Parramatta has 6,288 properties. Over the last 5 years, Houses in North Parramatta have seen a 70.34% increase in median value, while Units have seen a 15.00% increase. As at 30 September 2024:

  • The median value for Houses in North Parramatta is $1,764,034 while the median value for Units is $621,397.
  • Houses have a median rent of $620 while Units have a median rent of $550.
There are currently 33 properties listed for sale, and 25 properties listed for rent in North parramatta on OnTheHouse. According to CoreLogic's data, 224 properties were sold in the past 12 months in North parramatta.

Suburb Insights for North Parramatta 2151

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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.