61002/1A Morton Street, Parramatta NSW 2150

61002/1A Morton Street, Parramatta NSW 2150
1-bed unit in River Vistas | Parramatta core | contemporary low-maintenance | priced below estimated value This unit presents a competitively priced entry into the Parramatta core, positioned below its estimated market range. Its contemporary, low-maintenance design and recent updates like new carpet cater to an owner-occupier seeking convenience or an investor targeting minimal upkeep. The configuration is standard for the area, but the pricing creates a potential value position against recent suburb sales activity. Proceed with the understanding that the absence of specific comparable sales data for this configuration obscures true market performance. The lack of data on aspect, floor level, and building age introduces valuation risk, while no signals on rental demand or local development pipelines limit growth forecasting. Acquire only if the discount sufficiently compensates for these unknowns, positioning it as a long-term hold within a diversified portfolio.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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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

Bathroom

Parking

-

Land

1.76 ha

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