6/13 Castle Street, North Parramatta NSW 2151
6/13 Castle Street, North Parramatta NSW 2151
Older strata block | Central Parramatta position | 2 bed 1 bath 1 car | Established suburb | School catchment zone
This property sits within an older strata block in a mature portion of North Parramatta. Its two-bedroom one-bathroom configuration with a single car space aligns with sought-after entry-level stock for first-home buyers and investors alike. The established suburb offers proximity to Parramatta’s amenities and transport links while the school catchment for Parramatta North Public and Northmead Creative and Performing Arts High School adds family appeal. Rental demand appears steady with a gross yield potential near five and a half percent, a figure that supports investor interest. The building’s 1972 vintage places it among the older strata cohort which often provides more generous floor plates than newer apartments.
The property’s value may be influenced by interior condition given the building’s age; without confirmed renovations, a buyer might factor in updating costs. The lack of disclosed floor level and aspect could affect desirability compared to units with better outlooks. Strata constraints from 1972 might include limited shared amenities and potentially higher sinking fund requirements. Nearby development activity or zoning changes could shift demand, though no specific projects are noted in available data. The absence of premium features such as lift access or secure parking beyond the single space might narrow the buyer pool slightly. A thorough inspection and strata report are recommended before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/13 Castle Street, North Parramatta NSW 2151
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✕
2
Execution Risk
!
1
Market Insight
North Parramatta presents a dual-market dynamic, with its established connectivity attracting a diverse buyer base. Demand is driven by first-home buyers and investors drawn to the accessible unit market, while family-oriented purchasers target the higher-priced housing segment. Recent conditions show stronger momentum in the unit market compared to houses, which are taking longer to transact. Future growth is underpinned by this varied housing supply catering to different budgets, though affordability pressures relative to broader Sydney and a slower house market present notable constraints.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1788m²
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