404/1-3 Valentine Ave, Parramatta is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 2000. The property has a land size of 725m2 and floor size of 60m2.
This lovely fully furnished 1 bedroom serviced apartment is located in the heart of Parramatta CBD. It lies adjacent to Westfield Shopping Centre, several bus stops and is about 450meters away from Parramatta Train Station. It is self contained and includes a car space.
It is currently leased and managed by Mantra Hotel. It offers a resort style living and also provides 24 hour on site management. In addition, a restaurant, caf , gym, spa and in-ground pool are available on site for usage. The current lease will end in Nov 2015, after that, there will be a further 3 x 5 years option.
Hassle free investment with gross rent of approx. $1,705 per calendar month, and net approx. $1,634 per calendar month after the deductions of body corp levy, and management fees.
The size of Parramatta is approximately 5.5 square kilometres. There are 29 parks, covering nearly 23.8% of the 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 21,388 properties. Over the last 5 years, Houses in Parramatta have seen a 15.74% increase in median value, while Units have seen a 6.02% increase. As at 31 July 2026:
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