505/88 Church Street, Parramatta NSW 2150

1-bed + study | NE aspect | Parramatta CBD | flood overlay | no parking The inclusion of a separate study in a 72m² one-bedroom layout is a genuine differentiator in Parramatta’s apartment market, where most comparable units are standard one-bedroom configurations. This additional space, combined with the north-east aspect and Miele-appointed kitchen, positions the unit well for both professional owner-occupiers seeking work-from-home capability and investors targeting the premium renter segment. The West Village development’s central Church Street location provides the walkability and amenity access that underpins consistent rental demand, though the absence of parking narrows the buyer pool to those who prioritise location over car ownership. The flood overlay is the most material risk and requires specific investigation into insurance premiums, strata resilience plans, and any historical water ingress issues within the building. Without a car space, resale liquidity may be reduced in a market where parking is often expected, though the 5.5% indicative rental yield and fibre broadband connectivity support a strong income return for investors. The 10-year hold since the 2015 purchase suggests the building has established its operating history, but strata fees, sinking fund adequacy, and any cladding or building defect notices must be verified before proceeding.