12/2 Iron Street North Parramatta NSW 2151
12/2 Iron Street North Parramatta NSW 2151
Top floor unit |73sqm + balcony |$570k est value |Newly listed for sale. This two-bedroom unit on a 1816sqm strata lot suits first home buyers or investors seeking affordable entry near Parramatta CBD. Positioned as the top-floor apartment in a low-strata security block, it delivers private living with sun-filled balcony and covered parking in a quiet northern fringe setting. The generous 73sqm internal layout, including expansive living and eat-in kitchen, supports straightforward occupancy or rental without immediate renovation demands. Its share of the substantial lot size stands out among similar units, potentially buffering against density pressures from nearby developments like co-living projects. Buyers drawn here are typically young professionals or couples prioritizing CBD proximity via bus or upcoming light rail over larger homes. Comparable two-bedroom apartments in the area have held steady values, with recent sales reflecting demand for original yet updated stock amid Parramatta’s growth. Last sold in 2016, this property’s modest strata fees around $859 quarterly enhance its yield appeal for investors. Long-term, its school catchments and NBN connectivity position it for reliable holding value as the suburb absorbs urban expansion. Market signals point to quick uptake for well-proportioned units like this, given fresh listings rarely linger.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/2 Iron Street North Parramatta NSW 2151
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
North Parramatta’s demand is driven by proximity to the Parramatta CBD, major transport upgrades and active urban renewal that shorten commutes and expand local amenity. Buyers are attracted to employment access, new mixed?use developments and rental demand, while risks include construction?led supply, modest rental yields and affordability pressure; growth upside depends on the delivery of the metro/light?rail precincts and nearby redevelopment. Prices have been broadly steady over the past six months—units showing modest gains while house values have been flat to mildly up, reflecting a cautious but resilient local market.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
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