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11/22 Tennyson Street

Parramatta NSW 2150

2
2
1
105 m²
Apartment
Currently for sale - view listing

Overview

Dual-Key Apartment Dual Income 7.5% Gross Return

Representing outstanding value, this huge third floor dual-key opportunity delivers the ultimate combination of flexibility, convenience, and strong rental return in a highly sought-after pocket of Parramatta. Offering two fully self-contained residences, a large one-bedroom apartment and separate studio apartment, this unique property is a perfect opportunity for investors chasing high yield or a first home buyer looking to offset their mortgage with immediate rental income. With a potential rental income of $980 per week and a 7.5% gross rental yield this will not last long. Property features: -Large 1-bedroom unit: -Spacious bedroom with built-in -Open plan living and dining space -Modern bathroom -Large kitchen -Secure basement parking with storage cage -Currently leased for: $550pw -Rental potential: $600pw Spacious studio: -Kitchenette -Light filled bedroom -Clever storage options -Modern bathroom -Currently leased for: $365pw -Rental potential: $380pw -Combined rental potential of $980pw -Currently returning $915pw -Secure parking -Well-maintained complex -105m2 in total -87m2 internal Location: -500m to Bus Stop -1km to Western Sydney University -1.6km to Doyle Ground -2.2km to Parra Square and -2.3km to Westfield Parramatta

Features

2 bedrooms
2 bathrooms
1 carspace
105 m² lot size
Apartment

Happy sellers in Parramatta

76%
76% of sellers in Parramatta reported that their sale price either exceeded or met their price expectations.

Parramatta stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 248 reviews in Parramatta over the last 12 months.

Local market activity for 2 bedroom apartments in Parramatta

In the last 12 months, 379 two-bedroom apartments similar to 11/22 Tennyson Street, have been sold.

This represents a 2% increase in two-bedroom apartments sales when compared to the previous 12 months.

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