14/80-82 Pitt Street, Granville NSW 2142

Security apartment | 2-bed 2-bath lock-up | Sunny living | Steps to Parramatta bus This unit presents a competitively strong offering within the Granville strata market, primarily due to its two-bathroom configuration which is less common than single-bathroom units in the immediate building and enhances rental appeal and owner-occupier utility. Its position in a security complex with a private balcony, air-conditioning throughout, and a lock-up garage addresses core demands for low-maintenance living, serving first-home buyers or investors seeking a turnkey property in a transit-oriented location. The well-maintained complex and premium finishes signal a property insulated from the functional obsolescence affecting older blocks, positioning it for stable tenancy. The principal risk is strata title volatility, where future special levies for building maintenance could erode yield, while the concentrated development on Pitt Street imposes a ceiling on capital growth from scarcity. The commercial logic is in acquiring a modern, rent-ready unit at a price point that aligns with historical building sales, leveraging the suburb’s rental yield for cash flow while banking on Parramatta’s expansion. Proceed with a standard building inspection and strata report review, then hold for a five-year horizon to amortize purchase costs; this property functions as a straightforward rental investment or a pragmatic first home, not a speculative vehicle. Recent sales within the same building at 80-82 Pitt Street provide a direct value benchmark: – 13/80-82: $400,000 (Sep 2022, 2b/2b/1p) – 15/80-82: $410,000 (May 2019, 2b/1b/1p) – 10/80-82: $500,000 (Jan 2018, 2b/2b/1p) – 14/80-82: $476,516 (Sep 2016, 2b/2b/1p) – 17/80-82: $501,000 (Apr 2016, 2b/2b/1p) This history confirms that two-bathroom units have consistently commanded a premium, supporting the current price guide; however, the most recent 2022 sale at $400,000 suggests market softening or a unit-specific discount, making vendor negotiation on the guide’s upper range essential.