3/69 Marsden Street, Parramatta NSW 2150
3/69 Marsden Street, Parramatta NSW 2150
2-bedroom brick unit | boutique block of six | 73sqm with oversized garage | Parramatta West Public School catchment | renovated kitchen and floors
This property presents a rare combination of double-brick construction and a low-density boutique block in Parramatta, a configuration that typically commands a premium over larger complexes due to reduced common walls and lower strata risk. The 73sqm floorplate is generous for a two-bedder, and the oversized lock-up garage adds functional value in an area where parking is tight. The recent renovation—new timber flooring, stone benchtops, and air conditioning—removes immediate capital outlay for the buyer. The property is best suited to an owner-occupier seeking a solid, low-maintenance home in a tightly held pocket, or an investor targeting stable rental demand from families drawn to the school catchment.
The main risk is the single bathroom, which may limit appeal to some owner-occupiers and tenants, though the separate bathtub and shower partially mitigate this. The 2000 build year means the building is approaching an age where major capital works—roof, common areas—could arise, though the small block size reduces the likelihood of surprise levies. The location has no flood or bushfire overlay, and the NBN Hybrid Fibre Coaxial connection is adequate for most uses. Hold this property for medium-term capital growth driven by Parramatta’s infrastructure pipeline, or rent it out for a yield above 5% with minimal management overhead.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/69 Marsden Street, Parramatta NSW 2150
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Parramatta is a major commercial hub with strong rental demand, particularly for affordable units which attract first-home buyers and investors. The house market, positioned in the premium segment, faces affordability pressures. Recent price trends show divergence, with house values experiencing correction while units demonstrate relative stability. Future growth is underpinned by significant infrastructure investment and its established role as an employment centre, though high investor concentration in certain unit stock and sensitivity to interest rates present key market constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
570m²
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