132A Thomas Street, Parramatta NSW 2150

R4 zoning | original condition | Parramatta CBD 5 mins | 376m² block The property’s competitive edge lies in its R4 high-density zoning on a 376m² block, which is rare for a single-storey house in original condition near Parramatta’s CBD. For a buyer, this means immediate liveability,freshly painted with split-system air conditioning and a functional layout,combined with future development optionality. It serves best an investor or a first home buyer who wants to hold a house with upside; the built-in fireplace and alfresco area add character that appeals in a market where 65% of auctions clear and median days on market are 36. The risk is the land size variance between listings,375.6m² versus 370m²,which may affect redevelopment feasibility under R4 rules, and the 2.8% rental yield is below Parramatta’s average, so holding costs matter. The opportunity is to buy a house that can be rented immediately while rezoning plays out, or to enhance the kitchen and bathroom for a flip. Hold this property for its zoning uplift or use it as a low-maintenance family home within a 5-minute commute to the CBD.