124 Marsden Street, Parramatta, NSW 2150 | Property Value & History | OnTheHouse
 
OFF MARKET

124 Marsden Street
Parramatta NSW 2150

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 50m2
Land area: 461m2
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Property Details for 124 Marsden St, Parramatta

Building Type
Commercial
Floor Size
50m2
Land Size
461m2
Local Government
City Of Parramatta
Lot/Plan
C/DP162492

Last Listing description (November 2023)

RWC Western Sydney and Moxham Commercial are delighted to present to the market 'ONE24', 124-126 Marsden Street, Parramatta.

This commercial development site benefits from holding income and adjoins Westfield Parramatta.


'ONE24' provides the incoming developer the opportunity to further enhance the Parramatta skyline with this premier commercial development site (STCA).

Offered to the market for the first time in almost 40 years, 'ONE24' is set to benefit from the NSW Government's infrastructure commitments including the Sydney Metro West line connecting Parramatta, Sydney Olympic Park and Sydney CBD.

Additional Highlights of the Property:
Site area 853.6 sqm* (as per DP504405 & DP162492)
Building area 450 sqm* (subject to survey)
Zoned E2 Commercial Centre
FSR 6:1 (with additional FSR possibly available for design excellence, lot amalgamation and commercial premises, STCA)
Height 211 m (RL) (STCA)
Substantial holding gross income $138,988.56
400m* from Parramatta Train Station and Parramatta's new light rail
Adjoins Westfield Parramatta
Population growth forecasted to increase by 62.75% between 2023-41 to 446,021^
Located within close proximity to the $2.8 billion Parramatta Square redevelopment

'ONE24', 124-126 Marsden Street, Parramatta is for sale by Expressions of Interest (EOI) closing Thursday 23 November, 2023 at 4pm (AEDT).

For more information, please contact the exclusive selling agents.

*Approx.

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Property History for 124 Marsden St, Parramatta, NSW 2150

A timeline of how this property has performed in the market
Last Sold
$217,500
04 May 1984
Listed for Rent
$150/w
16 Oct 2023
  • 20 Oct 2023
    Listed for Sale Expressions of Interest
  • 18 Oct 2022
    Listed for Rent $150 / week
  • 21 Jan 2022
    Listed for Rent $8,970 / week
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About Parramatta 2150

The size of Parramatta is approximately 5.5 square kilometres. It has 29 parks covering nearly 23.8% of total area. The population of Parramatta in 2016 was 25798 people. By 2021 the population was 30211 showing a population growth of 17.1% in the area during that time. The predominant age group in Parramatta is 30-39 years. Households in Parramatta are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Parramatta work in a professional occupation.In 2021, 27.60% of the homes in Parramatta were owner-occupied compared with 28.10% in 2016.

Parramatta has 20,902 properties. Over the last 5 years, Houses in Parramatta have seen a 43.11% increase in median value, while Units have seen a 9.75% increase. As at 31 January 2026:

  • The median value for Houses in Parramatta is $1,660,318 while the median value for Units is $629,660.
  • Houses have a median rent of $620 while Units have a median rent of $680.
There are currently 179 properties listed for sale, and 115 properties listed for rent in Parramatta on OnTheHouse. According to Cotality's data, 1001 properties were sold in the past 12 months in Parramatta.

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