61 Charles St, Parramatta Park is a 1 bedroom, 1 bathroom House with 2 parking spaces and was built in 1980. While the property is not currently for sale or for rent, it was last sold in October 2024. There are other 1 bedroom House sold in Parramatta Park in the last 12 months.
In a rare and exciting opportunity, these two properties on separate titles provide potential buyers with multiple options for lifestyle and investment, in a highly location just minutes from the CBD. The proposition comprises a 3-bedroom/1-bath house with a shed on 556m2, and a duplex of 2 x 1-bedroom units on 531m2. The properties can be purchased together and offer strong current rental returns with the potential for future redevelopment, having been previously approved for apartments.
The first property is 59 Charles St, a low-set bungalow set at the front of a 556m2 block. The 3-bedroom house is presented in very good condition, with traditional features including high ceilings, timber floors, and casement windows adding charm and character. At the rear of the block is a near-new, 88m2 council-approved shed, with clearance suitable for boat or caravan. The substantial shed comprises three bays (10m x 3m each), including one with a bathroom and kitchen.
- Charming 3-bedroom house with character features
The second property is 1 & 2/61 Charles St, a small duplex set at the front of a 531m2 block, with nothing at the rear. The layout of the two air-conditioned units encompasses a spacious bedroom, a modern bathroom, and a combined kitchenette/living space. Both units are currently rented with strong returns and the property offers potential for further development (STCA).
- Duplex with 2 x 1-bedroom units
- Solid block construction
- Tiled floors, fresh dcor
- Modern kitchenette and bathroom
- Air-conditioned, ceiling fans, security screens
- Set at the front of block, nothing at rear
- Currently rented at $380 & $360 p/w
- 531m2 block
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 1,942 properties. Over the last 5 years, Houses in Parramatta Park have seen a 46.62% increase in median value, while Units have seen a 68.03% increase. As at 30 November 2024:
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