13/23 William Street North Parramatta NSW 2151

2-bedroom unit | 1970s block | rising market | no major risks | yield solid This property offers a clear investment-grade proposition: a 5.24% rental yield in a rising market with no bushfire or flood overlays. The 80% owner-occupied block reduces turnover risk, meaning fewer vacancies and more stable capital appreciation. You are buying a conservative hold that trades upside for predictability. Use it as a rental income asset rather than a fast-growth play. What strengthens your position is the building’s track record-a same-floor unit recently hit strong yield numbers-and the area’s young, renter-heavy demographic. The unit suits an investor seeking reliable cash flow in a well-located, low-risk Parramatta pocket. With the median area price at $600,000 and this unit $57,000 below it, you are buying below market while capitalising on 36% population in prime renting age. Proceed with a depreciation schedule and a strata inspection before offer.