11/22-24 Tennyson Street, Parramatta NSW 2150

Strata unit | Parramatta location | school catchments | mixed unit sizes | modern interiors This property presents a competitively priced entry into the Parramatta unit market, with specific configurations offering different buyer propositions. The larger two-bedroom layout provides a scarcity premium over the common one-bedroom stock, appealing to owner-occupiers seeking space or investors targeting a broader tenant pool. Its position within established public school catchments strengthens its appeal to a demographic prioritizing education access, suggesting resilient demand. Proceed with the discipline that strata living demands. The primary risk mechanism is the opaque strata health and future capital works, requiring a purchased report to quantify potential special levy exposure. The variance in reported unit sizes and bedroom counts indicates a building with inconsistent layouts, which can affect resale liquidity. Acquire the strata report to validate financials, then target the two-bedroom configuration for its superior utility and competitive edge within the suburb’s median price band. Recent sales data for comparable units in Parramatta is noted but unspecified, limiting precise benchmarking. The available median price for a one-bedroom unit sits at $490,000, making the estimated $512,000 for unit 11A appear marginally above market, while the larger two-bedroom unit’s valuation is more aligned with the premium for additional space. This underscores the importance of securing the specific strata report to assess whether the asking price justifies the building’s financial standing and potential.