31/14 Hassall Street, Parramatta NSW 2150

Parramatta unit flood risk | building is 40% rentals | 9 days on market | no open inspections yet | noise from mixed-use area The flood overlay standing against this property creates a financing risk for some buyers, which narrows the resale pool and softens future capital growth. The sixty-five unit building carries a 60% rental occupancy, signalling a lower owner-occupier density that can affect building care and lending appetite. Nine days on market with no scheduled inspection suggests the price guidance may be testing the upper end. This unit suits an investor focused on yield over short term appreciation, but buyers wanting a hold-to-own family base should reconsider. What stands out for the buyer is the panoramic city view from two balconies on level fourteen, which is rare in this price band. The light filled layout with granite kitchen and dual bathrooms offers a liveable finish that competes well against older stock in the area. Parramatta’s median for two bedroom units is 624k, so this listing sits within range but needs negotiation below guidance to offset the flood overlay risk. The buyer who secures this under the 610k mark gets a functional home in a well connected corridor. Next step is to check the strata minutes for any levy history and confirm the flood certificate before offering.