12/23-25 Harris Street, Parramatta Park QLD 4870
12/23-25 Harris Street, Parramatta Park QLD 4870
This two bedroom, one bathroom unit on 70 square metres of land offers a fully renovated interior and is ready for immediate occupancy. It is priced at $488,000 and sits within an established low density residential complex in Parramatta Park. The property can be taken furnished or unfurnished, and includes one on site car space.
What is competitively strong about this unit is its fully renovated condition, which sets it apart from older stock in the suburb and removes the need for immediate upgrades. This positions it well for buyers seeking a low maintenance, move in ready home in an established area. The flexible furnishing option broadens its appeal to both first home buyers and investors, while the price point under half a million dollars keeps it accessible within the local market. The property sits in a quiet, low density residential pocket with no bushfire overlay, which adds to its liveability. It best serves buyers who value a modern interior and a straightforward purchase over land size or outdoor space.
Factors that may materially affect the value of this property include its compact land component, which limits expansion potential and may not suit buyers seeking a yard. The unit’s price has risen significantly from recent sales in the same complex, and while the renovation justifies part of that increase, buyers should weigh whether the market has fully absorbed that shift. The absence of disclosed building age and floor level means a physical inspection is important to assess structural condition and noise. The property’s position within a shared lot also means buyers should consider body corporate fees and the quality of common area management.
Detailed Independent Property Report prepared by PropCred Analyst team for 12/23-25 Harris Street, Parramatta Park QLD 4870
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Parramatta Park offers a tightly held inner-city position with strong appeal to young professionals and childless couples, a demographic that dominates its high-rental population. While the house market has softened recently, unit values have demonstrated robust growth, supported by high rental yields that attract investors. Future prospects are anchored in its desirable location and limited land supply, though the market’s sensitivity to economic conditions and a notable variance in available stock present key considerations for volatility.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
70m²
URL has been copied successfully!