13/20-24 Sorrell Street, Parramatta NSW 2150
13/20-24 Sorrell Street, Parramatta NSW 2150
2-bedroom apartment in a security complex | 121sqm internal, study and balcony | Parramatta location near transport | freshly painted, ready to move into
The property’s strongest advantage is its generous 121sqm internal area, which is uncommon for a two-bedroom apartment in Parramatta and positions it well above typical unit stock. The inclusion of a separate study, built-in robes, and a balcony adds functional space that appeals to both owner-occupiers seeking room to work from home and investors targeting tenants who value square footage over a third bedroom. Being in a security complex with a garage and freshly painted interiors reduces immediate maintenance needs, making it a low-friction purchase for a buyer who wants to settle quickly.
The primary risk is the flood overlay, which may affect insurance costs and could narrow the buyer pool for future resale. Being one of 82 units in the complex means supply is moderate, and the absence of a recent sale price for this specific unit makes precise value confirmation difficult. However, recent comparable sales around $600,000 for one-bedroom units suggest the two-bedroom configuration holds a pricing premium that is justified by the extra space. The rental estimate of $680โ$790 per week offers a solid yield if purchased near the lower end of the value range. Hold this property for steady rental income or live in it for the space advantage, but avoid expecting rapid capital growth in a complex with multiple units.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
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.