8/8 O'Reilly Street Parramatta NSW 2150

Top-floor full brick | 2-car parking | Boutique block of 8 | Quiet street walkable Parramatta. The property’s competitive strength lies in its scarcity: a top-floor, full-brick unit in a boutique block of eight, with two dedicated parking spaces—a configuration rarely found in Parramatta’s newer, denser developments. For a buyer, this means lower ongoing strata risk, superior thermal and acoustic performance from the brick construction, and a parking advantage that commands a premium in a market where 65% of local residents rent and car spaces are tight. This unit is best suited to an owner-occupier seeking long-term stability or an investor targeting a tenant profile that values quality over volume, given the median unit price in Parramatta sits at $624k and this property is estimated below that. The primary risk is the lack of recent comparable sales data for the street and the building, making precise valuation difficult; the buyer pays for uncertainty in negotiation leverage. The 65% renter skew in the local population also suggests higher tenant turnover risk if the property is leased, though the boutique block and parking mitigate this. Commercially, the opportunity is to acquire below the suburb median in a well-positioned, low-supply building—hold for capital growth tied to Parramatta’s infrastructure uplift, or use as a stable rental with above-average yield from the parking amenity.