13/61-63 Minnie Street, Parramatta Park QLD 4870
13/61-63 Minnie Street, Parramatta Park QLD 4870
Well-located unit near schools | Flood overlay flagged | Strong rental demand | Recent comparable sale at $446k
This two-bedroom unit offers a rare combination of size and configuration in a 19-unit building, with a 107m² internal floor area that is notably generous for the market. The presence of an ensuite, in-ground pool, and reliable connectivity supports appeal to both owner-occupiers and investors, particularly those targeting the family-oriented catchment of Parramatta State School and Cairns State High School. The building’s lack of recent sales activity suggests limited supply, which strengthens a buyer’s negotiating position relative to the comparable sale of unit 2 at $446k in January 2025.
The flood overlay is the primary risk, as it may affect insurance costs and long-term resale appeal, though the property sits within a well-established residential area with stable rental demand. Rental estimates between $485 and $540 per week indicate a yield that supports investment viability, especially given the 67% appreciation from the 2022 purchase price. The absence of bushfire or heritage overlays reduces additional compliance burdens, and the strong owner-occupier ratio in the suburb (65%) signals a stable community that can underpin capital growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 13/61-63 Minnie Street, Parramatta Park QLD 4870
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Parramatta Park offers a tightly held inner-city position with strong appeal to young professionals and childless couples, a demographic that dominates its high-rental population. While the house market has softened recently, unit values have demonstrated robust growth, supported by high rental yields that attract investors. Future prospects are anchored in its desirable location and limited land supply, though the market’s sensitivity to economic conditions and a notable variance in available stock present key considerations for volatility.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
107m²
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