362 Draper Street Parramatta Park QLD 4870

3 bed house on 405m² lot|Built 1950|School catchments|Auction Apr 11| Fresh to market. This three-bedroom house on a 405sqm block suits downsizers or young families drawn to walkable school access and practical urban living. The modest land size and 141sqm building footprint deliver efficient living space in a low-elevation setting free of flood or bushfire risks, appealing to buyers prioritising certainty. Built in 1950 with recent updates like split-system air con and floorboards, it offers low-maintenance indoor-outdoor flow via deck and full fencing. On its street it aligns with similar post-war homes, positioning it as a straightforward entry into Parramatta Park’s residential core without standing out for scale. Buyers here tend to be locals or investors eyeing steady rental yields from the central location and NBN connectivity. Comparable three-bedroom houses in the area move quickly at auction, reflecting demand for properties under 500sqm that balance affordability with school proximity. Last sold in 2009, this one’s long-term hold value stems from untapped renovation potential on flat land, resilient to broader Cairns market shifts. Its 35% site coverage leaves room for extensions, attracting hands-on owners over speculators. Overall, it holds firm as a reliable performer in a market favouring functional family stock.