2/30-32 Park Road, Auburn NSW 2144
2/30-32 Park Road, Auburn NSW 2144
2-bed 1-bath | 1974 brick unit | 71m² living area | balcony and laundry | flood overlay noted
A straightforward older apartment is presented, well-suited to first-home buyers or investors seeking rental return. A 71m² internal area is offered, generous for a 1970s build, while the balcony and separate laundry add practical appeal. The property is positioned within a small strata complex, close to transport and daily amenities, and has historically attracted long-term owner-occupiers. The strongest competitive edge is the combination of size and location, which supports consistent leasing demand. A budget-conscious household profile is best served here, as the lack of confirmed parking may limit appeal to car-dependent families.
A flood overlay is identified on the site, which may affect insurance costs and buyer confidence. Parking is reported inconsistently, and the potential lack of a car space could reduce resale appeal. Ongoing maintenance is expected from a 1974 build, and the plain building offers no shared amenities. These factors might temper price growth, though a stable rental market is noted. Consideration of these elements is advised when forming a view on price.
>> Comparable Sales: 8/30-32 Park Rd sold in 2016 for $432,500; 11/30-32 Park Rd sold in 2014 for $306,000 | Property Price Band: $450K–$550K | Value Drivers: condition, balcony, parking availability
Detailed Independent Property Report prepared by PropCred Analyst team for 2/30-32 Park Road, Auburn NSW 2144
Checks found:
Value Risk
✓
Liquidity Risk
✕
2
Planning Risk
!
1
Income Risk
✕
2
Execution Risk
✕
2
Market Insight
Auburn’s housing market is split between a strong house segment and an investor-oriented unit segment. Houses command a median around $1.54 million with 10% annual growth, while units sit near $595,000 with 6.4% growth and gross yields around 6%. Demand is led by couples with children, many in labourer occupations; owner-occupancy was 45% in 2021. High unit turnover (389 sales) confirms apartment appetite. Train access to Sydney CBD and good schools underpin family buying. Key constraints: house prices limit first-home entry, typical mortgage repayments of $1,800–$2,399 monthly, and ample unit supply. The market remains stable but interest-rate sensitive.