2/29C Great Western Highway, Parramatta NSW 2150

2/29C Great Western Hwy, Parramatta | entry-level unit in prime corridor | strong rental yield potential | renovation scope in secure block This unit offers a rare entry point into Parramatta’s core, where most stock trades higher. The full brick construction, parquetry floors, and secure garage are durable features that reduce ongoing maintenance risk. Its walkable position to the CBD, station, and Westfield ensures consistent tenant demand, making it best suited for first-home buyers seeking low-maintenance living or investors targeting a high-yield, value-add opportunity. The primary risk is the unit’s age and the need for cosmetic updates, which will require capital outlay to realise full market potential. However, the same building’s recent comparable sale at $410,000 with a 7.29% gross yield confirms strong rental performance. The 2009 purchase price history suggests limited vendor pressure, but the 21-day market time indicates pricing sensitivity. This property should be held as a long-term rental or upgraded gradually to capture equity growth in a tightening market.