13/20-24 Sorrell Street, Parramatta NSW 2150

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.
Detailed Independent Property Report prepared  by PropCred Analyst team for 13/20-24 Sorrell Street, Parramatta NSW 2150
Checks found:
Value Risk
Liquidity Risk
Planning Risk ! 1
Income Risk
Execution Risk
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Market Insight

Parramatta is a major commercial hub with strong rental demand, particularly for affordable units which attract first-home buyers and investors. The house market, positioned in the premium segment, faces affordability pressures. Recent price trends show divergence, with house values experiencing correction while units demonstrate relative stability. Future growth is underpinned by significant infrastructure investment and its established role as an employment centre, though high investor concentration in certain unit stock and sensitivity to interest rates present key market constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

1196m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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