OFF MARKET

Valentine Avenue
Parramatta NSW 2150

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Last updated 14 Oct 2024
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Property Details for 203/1-3 Valentine Ave, Parramatta

203/1-3 Valentine Ave, Parramatta is a 1 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
City Of Parramatta

Last Listing description (July 2024)

Inspections available via private appointment, please contact the agent to arrange inspections. Virtual Tour available via this advertisement, please click the link !

Presenting a fantastic opportunity to secure a set and forget investment with incredible returns located in the heart of the Parramatta CBD, perfect for a long term investment or self managed super fund (SMSF) acquisition.

This fully furnished one bedroom is a managed investment asset currently leased to Mantra Hotels Parramatta generating a gross revenue of $53,854* within the last 12 months, with the owner receiving 50% of the apartments revenue, minus expenses.

Note: The monthly income, is not fixed & can fluctuate with travel demand and use of the property.

Property Features Include:

- Spacious bedroom with large window and built in wardrobe
- Kitchenette with electric cooktop
- Bathroom with bathtub and tiled floor to ceiling
- Ducted air conditioning
- Building amenities include Gym, Pool, Spa, Sauna, Restaurant, Cocktail Bar, Conference rooms, internet desk

Investment Features include:

- Approx gross annual revenue of $53,855*
- Exclusive membership with Accors Partnership Program
- Exclusive use of the property 14 nights per annum with access to building amenities
- Hassle free passive income stream with full management decisions made on your behalf - set & forget !
- Inventory of furniture included with the sale of the property

Note: This property is zoned for short term letting and can not be lived in fulltime - For investment purchase only.

Outgoings -

Strata: $1,827 per quarter
Council: $212 per quarter
Water: $167 per quarter

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Property History for 203/1-3 Valentine Ave, Parramatta, NSW 2150

A timeline of how this property has performed in the market
  • 14 Feb 2024
    Listed for Sale Not Disclosed

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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 19,042 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.
There are currently 181 properties listed for sale, and 165 properties listed for rent in Parramatta on OnTheHouse. According to CoreLogic's data, 1021 properties were sold in the past 12 months in Parramatta.

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