7/22 Great Western Highway, Parramatta NSW 2150

Studio apartment in a large Parramatta complex | north facing with private courtyard | 91sqm is unusually generous for a one-bedder | sits below suburb median price point. This property offers a rare spatial advantage for a one-bedroom unit — the 91 square metre floorplan with a private courtyard effectively competes with entry-level two-bedroom stock in the area. The north facing aspect and ground-floor access to outdoor space are genuine differentiators in a market where most one-bedroom apartments are stacked in towers with minimal private amenity. For a first home buyer or investor seeking a long-hold position in Parramatta’s core, the unit’s size and configuration provide a buffer against the tighter floorplans typical of newer developments. The 70 percent renter profile in the building signals stable tenant demand, though owner-occupier appeal is limited by the highway position. The main risk is the building’s location on Great Western Highway — noise and exposure are material for resale, and the 70 percent rental composition means capital growth may lag behind quieter streets. The complex’s 206 properties also concentrate supply, which can pressure values during softer markets. However, the 91sqm footprint and courtyard are difficult to replicate at this price point, and the unit sits well below the suburb median of $494,000. For an investor, the $450–$520 weekly rent range delivers a yield above Parramatta’s 6.3 percent average. Hold this property for rental income and wait for the broader Parramatta uplift — it is not a flip.