12/146-152 Parramatta Road, Homebush NSW 2140

North-facing balcony with retractable awnings | 118sqm internal on a 1533sqm lot | 2-bedroom unit in a 38-unit building | Strong rental yield potential The property’s 118sqm internal floorplan is unusually generous for a two-bedroom unit in Homebush, giving it a clear edge over the typical compact apartment stock in this corridor. The north-facing balcony with retractable awnings and good cross ventilation are features that hold value better over time and reduce reliance on mechanical cooling, which matters for both comfort and future resale. The unit sits on a 1533sqm lot in a 38-unit building, meaning a lower density than many newer complexes, and the open car space adds practical appeal. This property suits a first home buyer wanting space without moving to a house, or an investor targeting the higher rental yield end of the market—the suburb-wide yield is 5.4 percent, and this unit’s rent estimate suggests it can beat that. The flood risk detected on the property is a material concern that may affect insurance costs and lender appetite, so a buyer should factor that into due diligence and negotiate accordingly. The conflicting last-sold data from 2023 versus February 2026 introduces some valuation uncertainty, but the Domain estimate of $590,000 mid-point provides a credible anchor. Strata levies at $1,811 per quarter are moderate but should be checked for any upcoming special levies given the building’s age. Hold this property for steady rental income and capital growth tied to Homebush’s infrastructure and transport links, not for short-term flipping.