703/21 Hassall Street, Parramatta NSW 2150
703/21 Hassall Street, Parramatta NSW 2150
703/21 Hassall Street, Parramatta | one-bed-plus-study layout | 66m² internal | The Matrix complex | prime CBD position
This unit’s competitive strength lies in its rare one-bedroom-plus-study configuration and generous 66m² floorplan, which effectively functions as a small two-bedroom alternative in a market dominated by compact studios. The light-filled design and elevated position within The Matrix complex offer genuine lifestyle appeal for owner-occupiers seeking space and natural light, while the study adds a functional edge for remote workers or as a guest nook. For an investor, the larger footprint and study differentiate this unit from standard one-bedders, supporting stronger rental demand and tenant retention in Parramatta’s growing CBD. The location near transport and urban renewal projects further underpins its appeal to professionals and downsizers.
The primary risk is valuation divergence between platforms, with a $92,000 gap suggesting market uncertainty and potential overpricing if relying on the higher estimate. Buyers should commission a recent sales comparable analysis within The Matrix and adjacent complexes to anchor their offer. The absence of recent transaction history means pricing leverage may favour a patient buyer. Strategically, this property suits a long-term hold given Parramatta’s infrastructure pipeline; for an owner-occupier, it offers a spacious urban base, while an investor should target a yield above 4.5% to justify entry. Hold for capital growth driven by the CBD’s densification.
Detailed Independent Property Report prepared by PropCred Analyst team for 703/21 Hassall Street, Parramatta NSW 2150
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
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
1
Bathroom
1
Parking
-
Land
450m²
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