30/172-176 Parramatta Road, Homebush NSW 2140

2 bed unit | top-floor position | Parramatta Rd frontage | flood overlay noted | strong rental yield potential The property occupies a top-floor position within a strata complex on Parramatta Road, which gives it a natural advantage over lower levels in terms of light, noise mitigation and outlook. The 2-2-1 configuration serves investors or owner-occupiers seeking a solid rental yield near transport and shops. Comparable sales for identical layouts sit around $630k to $656k, while recent one-bedroom sales have climbed to $475k, suggesting the two-bedroom premium is compressing but still intact. The estimated value range of $673k to $760k appears achievable given current market momentum in Homebush. Flood risk is the primary concern, flagged for similar units in the building, and it may affect insurance costs and resale appetite. The building’s high turnover—40% of owners held less than three years—could indicate transient occupancy or dissatisfaction with the complex. Parramatta Road exposure adds noise and traffic considerations, though top-floor positioning mitigates some of this. For a buyer, the commercial logic is simple: secure at the lower end of the estimate range, hold for rental income, and exit when the next upswing lifts two-bedroom values in the corridor.