11 Pitt StreetParramatta NSW 2150
Property Details for 11 Pitt St, Parramatta
Last Listing description (December 2023)
Ray White Commercial Western Sydney is pleased to present units 1-9/ 11 Pitt Street, Parramatta for sale via onsite Auction.
Representing a remarkable opportunity to acquire this fully leased entire block of nine (9) apartments with a current passing income of $251,940* per annum with rental upside.
Additional highlights of the property are outlined below:
Favourable unit mix (1 x 1brm, 5 x 2brms & 3 x 3brms) all with balconies
All units leased with a passing income of $251,940* per annum with rental upside
Site area 790m2* on a corner location (Napier Street)
Three (3) level walk-up building with basement car parking
Great floor plan layouts with natural light
Secure basement car parking for 9 vehicles
Moments to Westfield, Parramatta CBD and railway station
Adjacent to Ollie Webb Reserve
The property will be offered for sale via Auction, Onsite Friday 15 September 2023 at 11am.
For more information, please contact the below exclusive selling agents.
*Approximately
Property History for 11 Pitt St, Parramatta, NSW 2150
- 15 Sep 2023Sold for $4,600,000
- 16 Aug 2023Listed for Sale ONSITE AUCTION, Friday 15 September @11am
- 18 Mar 2016Listed for Rent $550 / week
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0About 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 19,341 properties. Over the last 5 years, Houses in Parramatta have seen a 66.81% increase in median value, while Units have seen a 7.90% increase. As at 30 September 2024:
- The median value for Houses in Parramatta is $1,714,411 while the median value for Units is $611,604.
- Houses have a median rent of $650 while Units have a median rent of $650.
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