7/58 O'Connell Street, Parramatta NSW 2150
7/58 O’Connell Street, Parramatta NSW 2150
This is a two-bedroom, one-bathroom unit with one car space in a well-maintained and quiet complex. Its configuration is standard for the area, and the property is presented in neat and tidy condition.
The quiet and well-maintained nature of this complex is a competitive advantage, particularly within a suburb like Parramatta where activity and density are increasing. This unit is positioned as a low-maintenance, turnkey option that will appeal most to owner-occupiers seeking a peaceful lifestyle, such as young couples or downsizers, rather than investors chasing high-yield stock. Its appeal is grounded in its livability and the quality of the complex, not in luxury finishes or expansive space, which positions it as a solid, practical choice in a growing market.
The absence of specific modern finishes or on-site amenities like a pool or gym may affect its perceived value compared to newer developments. A buyer should weigh whether the quiet complex and tidy condition justify the price relative to properties with more contemporary interiors. The last sale in 2015 provides a long-term ownership context, but without a sale price, it offers limited guidance. The lack of detail on floor level and aspect means a physical inspection is essential to assess natural light and privacy, which could materially influence the unit’s desirability and ultimate value.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/58 O’Connell Street, Parramatta NSW 2150
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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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
2
Bathroom
1
Parking
1
Land
744m²
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