36/20 Great Western Highway, Parramatta NSW 2150
36/20 Great Western Highway, Parramatta NSW 2150
North-facing full-brick unit | oversized balcony with district views | 113sqm internal area | low-rise strata near Parramatta CBD
This property presents a rare configuration advantage within its strata complex. The oversized 113sqm floorplan and large covered balcony with district views are uncommon for a two-bedroom unit in this corridor, giving it a competitive edge over standard apartments. The full-brick construction and north-facing orientation support long-term livability and lower maintenance risk. For an owner-occupier or renovator, the functional kitchen and bathroom with upgrade potential offer immediate scope to add value without structural work. The building’s tenure profile, with over half of owners holding for more than a decade, suggests a stable owner-occupier base rather than transient investor churn, which typically supports better building care and quieter tenancy. Proximity to Parramatta’s transport and retail core reinforces demand from professionals and downsizers.
The primary risk is the building’s age and strata condition. Without a completed strata report, potential capital works levies or structural defects remain unknown. The unit’s long holding times among owners may also indicate limited recent capital improvements, meaning a buyer could inherit deferred maintenance. However, comparable sales show consistent annual growth of 2-4% over extended periods, and rental yields near 6% are achievable. The opportunity lies in renovating the kitchen and bathroom to lift rental return or resale value above the $468k comp. This property suits a buyer seeking a solid, low-risk hold with renovation upside in a growth corridor.
Detailed Independent Property Report prepared by PropCred Analyst team for 36/20 Great Western Highway, Parramatta NSW 2150
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
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
1
Parking
1
Land
113m²
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