3007/88 Church Street, Parramatta NSW 2150
3007/88 Church Street, Parramatta NSW 2150
| Parramatta CBD high-rise | 81mยฒ two-bedder with parking | Flood overlay present | Strong rental demand | Walk to station and Westfield |
This property offers a rare combination of size and position in Parramattaโs core. The 81mยฒ internal area is generous for a modern apartment, and the inclusion of a secure parking space and storage cage adds practical value that many comparable units lack. The West Village buildingโs rooftop amenities and the unitโs dual balcony layout make it a strong choice for a professional couple or investor targeting the top end of the local rental market, where recent leasing at $850/week signals achievable yield. The flood overlay is the primary risk, and it will narrow the buyer pool and may affect future resale velocity. This overlay should be investigated for insurance cost implications and any council-imposed conditions on renovations or strata modifications. The 2021 purchase price of $785,000 provides a recent valuation benchmark, and the current asking price sits above that level, so a buyer should negotiate with reference to the local median of $624,000 and the 60% auction clearance rate. For an owner-occupier, this is a well-located, low-maintenance home with good amenity; for an investor, the rental history supports a solid return, but the flood risk must be priced into the offer.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Parramatta is a major commercial hub with strong rental demand, particularly for affordable units which attract first-home buyers and investors. The house market, positioned in the premium segment, faces affordability pressures. Recent price trends show divergence, with house values experiencing correction while units demonstrate relative stability. Future growth is underpinned by significant infrastructure investment and its established role as an employment centre, though high investor concentration in certain unit stock and sensitivity to interest rates present key market constraints.