1 Oak Street, Parramatta NSW 2150

North-facing Parramatta house | solid double-brick on 432sqm | flood and heritage overlays | strong redevelopment scope near transit. This property offers a rare combination of solid double-brick construction on a level, north-facing 432sqm lot within walking distance to Parramatta’s rail, light rail, and retail core. The existing layout with separate living and dining areas, high ceilings, and a covered entertaining space provides immediate livability, while the 50% site coverage and 4m ground elevation signal genuine extension or redevelopment potential. For a buyer seeking a long-term hold in a transforming precinct, this house competes on both location and configuration flexibility, serving families, renovators, or investors well. The flood and heritage overlays introduce specific constraints that reduce redevelopment certainty and may limit future density or require council approvals, costing time and design options. The open parking and dated kitchen are functional but not premium. The opportunity lies in a measured renovation to lift rental yield or a considered extension to capture north light and backyard space. Hold for capital growth driven by Parramatta’s urban renewal, or renovate for improved cash flow before a longer-term redevelopment play.