14/7F Parkes Street, Harris Park NSW 2150

14/7F Parkes Street, Harris Park NSW 2150
2-bedroom apartment | Harris Park | near station and Westfield | strata flood overlay present | modern kitchen and ensuites The property’s configuration as a two-bedroom, two-bathroom apartment with a private terrace and master ensuite positions it competitively for owner-occupiers seeking a lock-and-leave lifestyle within walking distance of Harris Park and Parramatta stations, as well as Westfield. The modern kitchen with gas cooking and tiled floors reduces immediate renovation costs, while the strata building’s location on a major road in Parramatta LGA offers above-average rental demand. This unit serves best for a professional couple or small family prioritizing transport access and low-maintenance living over absolute quiet. The flood overlay is the primary risk, potentially affecting insurance premiums and resale liquidity; buyers should verify council flood mapping and strata insurance history. The 2016 purchase price of $650,000 and current rental estimates of $730โ€“$770 per week suggest a gross yield near 5.5%, which is acceptable for the area but not exceptional. The property’s position in a medium-density development on a main road limits capital growth compared to quieter streets, though proximity to Parramatta’s employment hub provides steady tenant demand. Hold this unit as a long-term residence or rental, with the flood risk factored into your offer price.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Harris Park presents a complex, undervalued market with divergent performance between its house and unit segments. Recent house price growth has been notably strong, attracting professional buyers within a younger demographic, while the high proportion of strata units creates a distinct, more affordable entry point. This dynamic suggests a suburb in transition, with future growth hinging on its ability to attract owner-occupiers seeking value, though the significant apartment supply remains a key constraint on overall capital growth.
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PropCred Estimated Value

Bedrooms

2

Bathroom

2

Parking

1

Land

631mยฒ

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