212/36-46 Cowper Street, Parramatta NSW 2150
212/36-46 Cowper Street, Parramatta NSW 2150
212/36-46 Cowper Street, Parramatta. A 2-bedroom, 2-bathroom apartment with a single lock-up garage, spanning 102 square metres of internal space on the second floor. It has been recently refreshed with new floorboards and paint, and includes a covered balcony, gas cooking, and an ensuite off the main bedroom.
This unit is competitively positioned within Parramatta’s high-density core, offering immediate liveability without the premium of a top-floor price. The recent refresh means a buyer avoids the cost and disruption of cosmetic work, and the separate ensuite is a genuine advantage over many standard two-bedroom layouts in this bracket. Its proximity to Parramatta Square, the train station, and the Eat Street precinct makes it a strong fit for professionals or investors targeting tenants who prioritise walkability and transport access. The covered balcony adds year-round utility, which is a subtle but meaningful differentiator in a market where outdoor space is often compromised.
The second-floor position may limit outlook and natural light compared to higher levels, and the absence of ducted air conditioning could be a consideration during peak summer months. While the building’s age is not specified, the unit’s configuration and finishes suggest a mid-era complex, which might carry higher strata levies or less modern common facilities than newer developments. Buyers should weigh the trade-off between the unit’s refreshed interior and the potential for future capital works in the building. The strong rental yield indicated by comparable lettings in the same complex suggests solid income potential, but price growth may be more closely tied to broader Parramatta infrastructure momentum than to the unit’s individual attributes.
Detailed Independent Property Report prepared by PropCred Analyst team for 212/36-46 Cowper Street, Parramatta NSW 2150
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
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
2
Parking
1
Land
2698m²
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