3/23 Good Street, Parramatta NSW 2150
3/23 Good Street, Parramatta NSW 2150
Parramatta CBD fringe | 2-bed security complex | 104sqm total | strong school catchment
This apartment offers an unusually generous footprint for a two-bedroom unit in central Parramatta, with a full brick build and lock-up garage that together signal durability and practical liveability. Its position within a security complex on level 2, combined with direct walkway access to the CBD, railway, and Westfield, makes it a strong option for owner-occupiers seeking low-maintenance city proximity without compromising on space. The Westmead Public and Parramatta High School catchment further anchors demand from families, a demographic that typically supports resale stability.
No flood, bushfire, or heritage overlays were identified, reducing headline due diligence concerns. However, the property has been sold three times and rented four times since 2000, which may indicate a history of investor turnover rather than long-term owner occupation, and buyers should verify building management quality and sinking fund health. The estimated value around $583,000 to $596,000 sits below the implied rental yield range, suggesting potential for modest capital growth if the suburbโs infrastructure pipeline continues, but the unitโs age and lack of recent renovation mean condition must be inspected closely.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 3/23 Good Street, Parramatta NSW 2150
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.