2/319 Severin Street, Parramatta Park QLD 4870

1-bed in small complex | 59m² with open car space | flood overlay detected | young renter-heavy suburb The unit’s 59m² floor plan is generous for a one-bedroom apartment, and the open car space adds practical appeal in a suburb where parking is often limited. The small complex of 11 properties with high owner-occupancy suggests a more stable building community than larger blocks. This property is best suited for an investor targeting the strong rental demand from Parramatta Park’s large 20-39 age cohort, or a first-home buyer seeking a foothold in a well-connected suburb near schools and the city. The confirmed flood overlay is the primary risk and likely explains the listing price below recent estimates. Buyers should verify insurance costs and history before proceeding. The recent sale of 1/319 at $290,000 provides a useful benchmark, though that unit achieved a higher rent of $460 per week. The opportunity lies in negotiating a price that accounts for the flood risk while capitalising on the suburb’s strong rental yields and stable demand from a transient population.