205C/3 Broughton Street, Parramatta NSW 2150

Riverfront CBD position | 2 car spaces | bushland views | 2016 build | high rental demand This unit presents a competitively strong offering within the Parramatta apartment market, primarily due to its rare configuration of two secure car spaces in a riverfront development. The direct access to major transport nodes and the Western Sydney University precinct creates a durable demand profile, best serving an investor targeting the student and young professional rental pool or an upsizer seeking CBD convenience without compromising on parking. The spacious layout and bushland views across the river further differentiate it from typical high-density stock. The primary decision factors involve the significant discrepancy in reported internal area, which requires clarification for accurate valuation, and the identified flood overlay which necessitates specific due diligence on insurance costs and potential risk. The opportunity lies in acquiring a well-located unit with a scarcity-driven feature set, where the rental yield appears supported by current market signals. This property is suited for a medium-term hold, leveraging its positional advantages while accounting for the flood overlay’s implications. A Propcred report would precisely quantify its real market valuation and detail the locality risks and insurance checks required for informed acquisition. Recent comparable sales nearby indicate: – 205/3 Broughton Street (same building): Sold for $465,000 in August 2022. This was a one-bedroom, one-bathroom unit. This single data point, while limited, suggests a material value premium for the subject property’s additional bedroom, bathroom, and second car space, supporting a valuation above the lower estimated figure.