5 Gould Place, Parramatta NSW 2150
5 Gould Place, Parramatta NSW 2150
5 bed 5 bath semi-detached | 358sqm Parramatta block | high spec finishes throughout | redevelopment potential flagged
This property stands out sharply in Parramatta’s housing stock. A five-bedroom, five-bathroom semi-detached home on a 358sqm parcel is rare, especially one finished with a gourmet kitchen, Smeg appliances, stone benches, and integrated fridge. The configuration suggests a premium rebuild or new construction, not a standard older dwelling. It serves best a high-income owner-occupier wanting turnkey luxury close to the Parramatta CBD, or an investor targeting executive tenants who value parking and modern amenity. The four-car allocation is a genuine edge in a central location where off-street parking is often tight. The property sits in a quieter residential pocket, which adds lifestyle appeal while keeping the urban core within easy reach.
The value picture here carries some uncertainty. The property was sold in late 2024 and the current listing data conflicts with an older record showing three beds and one bath, which may indicate a major redevelopment or a database error. The planning alert from May 2025 and the mention of development opportunities subject to council approval suggest the site might have further redevelopment potential, though what exactly is permissible is not confirmed. A buyer should weigh whether the current configuration matches their needs or whether they are paying for future upside that may not materialise. The high finish level is a strength, but it also means the price likely reflects a premium that may not be supported by comparable sales in the immediate area.
Detailed Independent Property Report prepared by PropCred Analyst team for 5 Gould Place, Parramatta NSW 2150
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
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
5
Bathroom
5
Parking
4
Land
358m²
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