10/44-50 Meehan Street, Granville NSW 2142
10/44-50 Meehan Street, Granville NSW 2142
2-bed unit | boutique block | near Parramatta CBD | investor-first layout | modest price band
This unit competes well in Granville because it offers the most sought-after configuration for this pocket—two bedrooms, one bath, one car—inside a small complex that avoids the anonymity of larger towers. The layout is practical, with built-in robes, open living, a private balcony, and secure parking, which collectively suit first-home buyers and investors who prioritise low-maintenance living over premium finishes. Its proximity to Parramatta’s employment and retail core gives it a rental-demand edge, and the building’s boutique scale tends to hold value better than high-density stock in the same corridor.
Value may be shaped by the unit’s floor level and aspect, which are not confirmed, and by the building’s age, which appears mid-1990s to early-2000s standard. Condition and presentation will matter more than any single feature, as the price band here is sensitive to cosmetic updates. The lack of a separate bath or stone benchtop—seen in a comparable unit in the same building—might limit upside, but the secure garage and internal laundry remain solid practical draws.
Detailed Independent Property Report prepared by PropCred Analyst team for 10/44-50 Meehan Street, Granville NSW 2142
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Granville (NSW 2142) is a Sydney suburb positioned between Parramatta and the Sydney CBD, with a young, renter-heavy demographic. Demand is led by first-home buyers and investors targeting apartments, while families drive the house market. The median house price is around $1.23M, with 9.6% annual growth, although sales volume is thin (73-108 houses). Houses sell in 26-39 days. Units sit near $516K with slightly negative growth (-3.5% to -0.8%) and a gross yield of 5.8%; houses yield a modest 3.2%. Rental demand is high (55% renting). Growth drivers include Granville station, bus links, Parramatta Road access, and proximity to employment hubs. Key risks: an 18.1% median price decline over 10 years, high strata supply (43.7% of stock), and affordability pressure against Sydney averages. School quality is a moderate demand driver but not a standout.
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PropCred Estimated Value
Comparable Sales: unit 8 in same building sold $430k Oct 2025; unit 1 sold $411k Apr 2021 | Property Price Band: $400k–$500k | Value Drivers: floor level, condition, proximity to Parramatta CBD
Bedrooms
2
Bathroom
1
Parking
1
Land
1269m²
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