13/20-24 Sorrell Street, Parramatta NSW 2150

spacious 2-bed with study and ensuite | strong rental yield mid-5% | flood overlay a key risk | secure complex with stable tenure This apartment’s generous internal size of 121 square metres with a study and two bathrooms is rarely found in Parramatta’s entry-level market, making it particularly appealing to owner-occupiers who value space and investors seeking above-average rental returns. The estimated weekly rent of $760 against the current expected price range implies a gross yield in the mid-5% range, supported by excellent connectivity and a secure building with moderate occupier turnover. Its location in an urban pocket near transport and employment hubs further strengthens demand from first-home buyers and downsizers alike. The detected flood overlay may introduce higher insurance premiums and should be investigated thoroughly. The building’s age and condition, while described as modern, may require confirmation of any planned capital works that could affect outgoings. With no direct comparable sales for a similar configuration in the complex, the price is best assessed by comparing against contemporary finishes and floor level, as these factors can influence both rental appeal and resale value.