44/1 Good Street, Parramatta NSW 2150

3-bed flat in Parramatta | 178m² with 2 car spaces | 5.3% yield at current rent | near Parramatta High School This property occupies a rare configuration in the Parramatta apartment market: 178 square metres with two car spaces and two garage spaces is unusually generous for a three-bedroom flat, giving it a functional edge over standard units in the area. The implied rental yield of 5.3% positions it as a strong income-producing holding, and the proximity to Parramatta High School within 200 metres adds durable tenant demand from families. For a buyer seeking a unit that can serve both as a residence and a long-term rental investment, the size and parking allocation provide a competitive advantage that smaller apartments cannot match. The main risk is that recent comparable sales in the building and street have settled between $600,000 and $630,000, which sits below the current guide range, so the buyer must negotiate from a position informed by actual transaction evidence rather than listing ambition. There are no bushfire, flood, or heritage overlays, and the residential zoning is clean, so holding costs are predictable. The strata report is available for a modest fee and should be obtained before any offer—this is a standard due diligence step, not a red flag. If acquired near the lower end of the valuation range, the property can be held for rental income with a comfortable yield, or used as a family home with school access and parking that few nearby units offer.