SOLD
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Sold on 11 Aug 2024 for $3,502,000

171 George Street
Parramatta NSW 2150

Bedrooms: 3
Bathrooms: 1
Car spaces: 1
Land area: 1060m2
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Property Details for 171 George St, Parramatta

171 George St, Parramatta is a 3 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 1060m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom House sold in Parramatta in the last 12 months.

Building Type
House
Land Size
1060m2
Local Government
City Of Parramatta
Lot/Plan
3/S/DP1249

Last Listing description (August 2024)

Offered to the market for the first time in over 42 years, this highly sought and rarely found parcel of land offers immense potential development opportunities for the discerning developer or investor. This is one of the most prominent locations with re-development potential, bordering Parramatta's CBD. The original full brick 3 bedroom character home is not heritage listed and can be demolished (STCA). Adjacent to new Light Rail and within easy access to Rivercat Ferry Wharf, Rosehill Shopping Village, reputable schools, the new light rail (at doorstep), multiple bus stops, parks, river foreshore, Parramatta Westfield, Railway Station and main arterial roads including M4 motorway, James Ruse Dr and Parramatta Rd. It features:

- Approx 1060m2 block with 20.32m frontage
- Ability to build up to 14m height

- Recently re-zoned to R3 Medium Density in 2023
- Flat parcel of land with minimal trees
- Potential for multiple townhouses, duplex, duplex with granny flats, boarding house, childcare, new home or dual occupancy development (subject to council approval)
- Approx 15 minute walk to Westfield Parramatta
- Original 3 bedroom full brick home with character features including high ceilings, fireplaces, original floorboards & picture rails
- Kitchen with gas cooking
- Full size original bathroom
- Formal lounge room & sunroom/dining room
- Huge yard area with original garage
- A once in a lifetime opportunity to secure one of Parramatta's last remaining under-developed blocks

Property History for 171 George St, Parramatta, NSW 2150

A timeline of how this property has performed in the market
Last Sold
$3,502,000
11 Aug 2024
  • 11 Aug 2024
    Sold for $3,502,000
  • 09 Jul 2024
    Listed for Sale $3,502,000

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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 19,057 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 195 properties listed for sale, and 190 properties listed for rent in Parramatta on OnTheHouse. According to CoreLogic's data, 990 properties were sold in the past 12 months in Parramatta.

Suburb Insights for Parramatta 2150

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Rowan Thredgold
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McGrath Parramatta
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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.