15/7-11 Elizabeth Street, Parramatta NSW 2150
15/7-11 Elizabeth Street, Parramatta NSW 2150
15/7-11 Elizabeth Street, Parramatta. A top-floor 2-bedroom, 1-bathroom apartment with 112m² of internal space, one car space, and river views. Built in 1980, the interior has been freshly updated. This is a large unit in a tightly held river precinct.
What is competitively strong here is the combination of size and position. At 112m², this is not a standard Parramatta apartment; it offers genuine room to live, not just sleep. The top-floor river view is a premium feature that is rare in this precinct, and the fact the block is tightly held suggests low turnover and a stable, established community. This property serves best a buyer who values space and outlook over brand-new finishes, someone who wants a home with character and a strong sense of place within walking distance to the city’s amenities. The elevation and aspect provide a quiet, private retreat that newer developments often lack.
A few factors might influence its value. The building age from 1980 means future maintenance levies could be higher than in newer stock, even with the updated interior. The single car space may limit appeal for households with two vehicles, a common consideration in suburban living. The river views are explicit, but their long-term protection depends on surrounding development potential, which is not detailed here. These are not dealbreakers, but they are points a buyer should weigh when forming a view on price, balancing the rare space and outlook against the realities of an older building.
Detailed Independent Property Report prepared by PropCred Analyst team for 15/7-11 Elizabeth Street, Parramatta NSW 2150
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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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.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
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