104/22 Parkes Street, Harris Park NSW 2150
104/22 Parkes Street, Harris Park NSW 2150
Large 2-bed apartment | 2015-built tower | Walk to Parramatta station | Flood overlay present | Above typical local pricing
This property stands out primarily for its size and build quality within the Harris Park market. The 135-square-metre floor plan is notably spacious for a two-bedroom apartment, and the 2015 construction places it among the newer stock in an area where much of the housing stock is older. Its location near Parramatta station, Westfield, and the CBD makes it well-suited for owner-occupiers seeking convenience without the higher price point of Parramatta itself, as well as investors targeting tenants who value modern finishes and proximity to transport. The building’s security features, parking, and in-unit amenities like air conditioning and stone benches further strengthen its appeal to downsizers and professional couples.
The flood overlay on the site is a material factor that may affect insurance costs and buyer perception, and it should be investigated thoroughly. The property’s pricing sits above typical levels for the suburb, which might narrow the buyer pool and lengthen time on market. Strata levies for a 2015 tower with lifts and common amenities could be higher than for older walk-up stock, so these costs should be confirmed. While the building’s modern construction and generous floor area are advantages, the combination of flood risk and premium pricing means the final value will depend on how these factors are weighed in the current market.
Detailed Independent Property Report prepared by PropCred Analyst team for 104/22 Parkes Street, Harris Park NSW 2150
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Harris Park presents a complex, undervalued market with divergent performance between its house and unit segments. Recent house price growth has been notably strong, attracting professional buyers within a younger demographic, while the high proportion of strata units creates a distinct, more affordable entry point. This dynamic suggests a suburb in transition, with future growth hinging on its ability to attract owner-occupiers seeking value, though the significant apartment supply remains a key constraint on overall capital growth.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1189m²
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