A404/147 Great Western Highway, Mays Hill NSW 2145
A404/147 Great Western Highway, Mays Hill NSW 2145
119mยฒ floorplan | 2-bed, 2-bath + parking | 90% owner-occupied building | less than a day on market
This unit’s internal size of 119mยฒ is notably generous for a two-bedroom apartment, giving it a floorplan advantage over most new builds in the corridor. The building’s 90% owner-occupier ratio signals a stable, well-maintained environment, which typically supports better capital preservation. For a buyer seeking a genuinely spacious apartment in a low-turnover block near Parramatta’s amenity, this property offers a rare configuration edge that should command a premium over the suburb’s median.
The primary risk is the subdued historical growthโcomparable units in the building show annual appreciation below 1%, and the 2020 purchase price of $610,000 suggests limited recent uplift. The buyer effectively pays for space and building quality, not for strong market momentum. However, with only two units currently listed and 17 recent sales, liquidity is reasonable. The rental yield on similar units sits around 5%, offering a credible holding strategy if the buyer intends to lease before occupying. Hold this property for its livability and low maintenance, not for short-term capital gains.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Mays Hill presents a young, family-oriented rental market with a clear divergence between its established houses and more active unit sector. Demand is driven by young renters and families, creating a stable tenant base. While house prices have shown significant long-term appreciation, recent unit growth has been mixed, indicating a nuanced market. Future growth hinges on its established appeal, though limited house sales data presents a constraint for precise valuation.