407/36-46 Cowper Street, Parramatta NSW 2150

1 bed | 59 sqm | 2014 build | Parramatta core | flood overlay present The unit’s 59 sqm internal area is notably generous for a modern one-bedroom apartment in Parramatta, offering a tangible edge over tighter floorplans in comparable buildings. The 2014 construction ensures compliance with contemporary standards, and the building’s 226-lot strata, while large, typically supports lower per-lot maintenance costs. This property is best positioned for an investor seeking stable rental demand from professionals and students, or a first-home buyer prioritizing space and location over parking. The flood overlay is the primary risk, potentially affecting insurance premiums and lender appetite, which can narrow the buyer pool on resale. The absence of confirmed parking is a further constraint in a car-dependent market. However, the FTTP NBN and 5G coverage are strong rental differentiators for remote workers. The estimated weekly rent of $610 against a $423,000 value points to a gross yield near 7.5%, which is competitive. Hold this property for consistent cash flow and capital appreciation tied to Parramatta’s ongoing densification.