505/31-37 Hassall Street, Parramatta NSW 2150
505/31-37 Hassall Street, Parramatta NSW 2150
1-bed with car space|central Parramatta|flood overlay present|entry-level investor appeal
The inclusion of a dedicated car space is rare for a 1-bedroom unit in central Parramatta, which immediately sets this property apart from most comparable listings. Its position within The Dominion building provides a recognisable address in a well-serviced pocket of the city. The internal configuration includes one bedroom with built-in robes, a separate bathroom, and open-plan living with a balcony, all functional for a single occupant or a couple. The outdoor entertainment area adds a practical extension of living space often absent from similar products. This property serves best as an entry-level home or a low-maintenance investment in a high-demand corridor.
The flood overlay may influence insurance premiums and could affect permissible alterations, a factor that should be considered in the long-term cost assessment. The unconfirmed floor level and aspect might moderate natural light and privacy, which can affect day-to-day livability. The building’s age and condition will likely contribute to ongoing strata costs. These elements may shift the property’s relative appeal among other options and should be investigated thoroughly before commitment.
Detailed Independent Property Report prepared by PropCred Analyst team for 505/31-37 Hassall Street, Parramatta NSW 2150
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
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
1
Bathroom
1
Parking
1
Land
85m²
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