1/46-50 Minnie Street, Parramatta Park QLD 4870

Modernised two-bedroom unit | Strong rental demand in 70% renter suburb | Flood overlay detected | Boutique complex with courtyard This property presents a compelling entry point into a high-demand rental suburb where 70% of residents are tenants, ensuring consistent leasing interest. The unit has been modernised with air conditioning, built-in robes, and a dishwasher, making it immediately liveable or rentable without further capital outlay. Its 66m² layout with a courtyard and carport is rare in this price bracket, offering a configuration edge over comparable units. The buyer best served is an investor seeking a low-maintenance holding in a liquid market, or a first-home buyer wanting to live in a central suburb with strong future resale potential. The detected flood overlay is the primary risk, as it may affect insurance premiums and future financing flexibility. However, the building’s recent sales history shows consistent appreciation, with unit 5 rising from $192,600 in 2010 to $400,000 in 2025, indicating the market has absorbed this risk. The current asking price sits below the building median of $460,000, offering a potential discount for a buyer willing to conduct due diligence on flood mitigation measures. The opportunity lies in acquiring a renovated unit at a price that already reflects the overlay, with room for capital growth as the suburb’s 37 sales this year confirm active turnover.