221/88 Church Street, Parramatta NSW 2150

Modern Parramatta CBD one-bedder | tenanted at $690pw | strong yield | flood overlay present. This unit benefits from being near-new in a sought-after West Village development, where its compact 67m² floorplan with a study area appeals strongly to investor buyers seeking a turnkey rental with above-median yield. The active tenancy at $690pw provides immediate income certainty, and the location within Parramatta’s CBD core ensures consistent tenant demand from professionals and students. This property is best suited for an investor prioritising cash flow over capital growth. The flood overlay is the primary risk, potentially affecting insurance premiums and future buyer pool depth, though it has not suppressed current rental performance. The off-market status on some platforms suggests possible vendor motivation issues. Opportunity lies in negotiating below the $570k–$586k estimate range, given the 59-day average days on market locally. Hold for stable rental income rather than short-term flipping.