8/21-23 Cowper Street, Parramatta NSW 2150

3-bedroom apartment in Parramatta | 108 sqm internal with 2 car spaces | flood overlay detected | strong rental yield potential at $910 per week The property’s combination of generous internal space and dual parking is uncommon among Parramatta apartments, giving it a competitive edge for families or sharers seeking room without moving to a house. Its position within a strata complex on common land means lower land-to-value ratio, but the 108 sqm floorplan and proximity to Parramatta Public School and Arthur Phillip High School make it a practical hold for owner-occupiers or investors targeting stable rental demand. The 2022 purchase price of $680,000 and current valuation near $797,000 reflect solid capital growth, though the median for comparable units in the area sits higher at $989,000, suggesting room for further appreciation if market conditions hold. The flood overlay is the primary risk, potentially affecting insurance costs and resale liquidity; buyers should obtain a flood certificate and factor higher premiums into holding costs. With 5G coverage and NBN connectivity as supporting benefits, the property suits a medium-term strategy,either as a rented unit generating strong weekly income or as a family home with school catchment advantages. Hold for at least five years to absorb any overlay-related discount and benefit from Parramatta’s ongoing infrastructure uplift.