1-8/36 Grose Street,
Parramatta, NSW 2150
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RWC - Eastern Suburbs
357 New South Head RoadDOUBLE BAY, NSW 2028
1-8/36 Grose Street
Parramatta, NSW 2150
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Entire Block of 8 Apartments - Development Upside
Set on 841sqm in a prime Parramatta location, this entire block of 8 x 2 bedroom apartments presents a rare opportunity to secure an income-producing asset with outstanding development potential. All with lock up garages, balconies and internal laundries. An amazing location, only seconds to the Light Rail, Parramatta Station, Westfield, schools and cafés, the property benefits from exceptional connectivity and sits within a high density zoning allowing significant future uplift (STCA). Currently returning $183,820pa with scope to further increase.
• Entire block of 8 x 2 bedroom apartments
• Secure investment with strong rental income potential
• 8 on-site parking plus additional visitor parking
• Zoned LMR with outstanding redevelopment potential (FSR 3:1, height limit 40m)
• Ideal "land bank" opportunity in a rapidly evolving precinct
• Moments to shops, transport, schools, and local amenities
• Invest now, hold for future growth or redevelop (STCA)
Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY
• Entire block of 8 x 2 bedroom apartments
• Secure investment with strong rental income potential
• 8 on-site parking plus additional visitor parking
• Zoned LMR with outstanding redevelopment potential (FSR 3:1, height limit 40m)
• Ideal "land bank" opportunity in a rapidly evolving precinct
• Moments to shops, transport, schools, and local amenities
• Invest now, hold for future growth or redevelop (STCA)
Ray White Double Bay - Exceptional Living Begins Here
Our recommended loan broker https://broker.loanmarket.com.au/DOUBLE-BAY
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Parramatta, 2150 demographic data
The median household income for Parramatta is $2,092, 1% higher than Greater Sydney's household income of $2,077. Parramatta has a younger age profile compared to the rest of Greater Sydney (median age 32 vs 37). Property ownership data shows 63% of property owners in Parramatta have a mortgage.
30,211
Population
$2,092 per week
Median household income
32 years
Median age
Renters
Most residents
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Most households
RWC - Eastern Suburbs357 New South Head Road
DOUBLE BAY, NSW 2028
DOUBLE BAY, NSW 2028
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