12/29A Great Western highway Parramatta NSW 2150

Modest unit in established complex | Listed $440k | Heritage-free location with school catchment This two-bedroom apartment on a 1031-square-metre lot is positioned as an entry-level investment or owner-occupier holding in Parramatta’s mid-market rental and sales segment. The property occupies unit 12 within the 29A Great Western Highway building, a multi-unit complex that has demonstrated steady long-term ownership patterns. Based on comparable unit 2 sales history within the same building, the property last transacted for $395,000 with a holding period of nine years, suggesting this stock appeals to long-term holders rather than active traders. The current $440,000 asking price reflects modest appreciation within the broader precinct. Comparable two-bedroom units on the same street trade between $420,000 and $580,000 depending on configuration and building amenities, positioning this property toward the lower-middle range of comparable stock. The one-car space and single living area indicate a compact floor plan typical of established walk-up or low-rise complexes built before contemporary space standards took hold. Location-wise, the property benefits from established school catchment alignment with Parramatta West Public School and Arthur Phillip High School, providing tangible appeal to families or investors targeting rental demand driven by educational proximity. Reliable NBN and 5G coverage confirms modern infrastructure access despite the unit’s older architectural profile. The absence of bushfire, flood, or heritage overlays removes regulatory friction that typically constrains renovation or refinancing pathways. Historical rental yield data for similar units in the building suggests a gross yield around 6.5% at current market rents, a figure that appeals primarily to yield-focused investors rather than those banking on capital growth. This property type and price point typically attracts first-time buyers seeking affordable entry into Sydney’s property market, rental investors seeking steady income over appreciation, and downsizers willing to trade space for location convenience and lower maintenance burden.