5/5 Thomas Street, Parramatta, NSW 2150

$530,000

Unit
Type
2
Bedrooms
1
Bathrooms
1
Parkings

Last updated on Wednesday, August 26, 2026 ( See property details for 5/5 Thomas Street, Parramatta, NSW 2150)

$530,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A well-presented two-bedroom apartment in a boutique complex, offering excellent investment and lifestyle opportunities in the heart of Parramatta.

🏡 Property Highlights

  • Prime location just 800m-1km from Parramatta CBD and Parramatta Square
  • Boutique complex of only 8 apartments offering privacy and exclusivity
  • North-facing balcony with sun-drenched outdoor space
  • Currently leased to a long-term tenant at $470 per week, ideal for investors
  • Well-presented with floorboards throughout and a functional kitchen
  • Close to public transport including Parramatta Station and Light Rail

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Balcony
  • Floorboards
  • Internal Laundry
  • Outdoor Area
  • Secure Parking
  • Pet-Friendly
  • Waterfront / Views
  • Ensuite

Parramatta offers a vibrant urban lifestyle with excellent transport links, diverse dining options, and abundant amenities. The suburb boasts proximity to major employment hubs, quality schools, and recreational parks, making it highly desirable for residents and investors alike. Its ongoing development and infrastructure improvements ensure sustained growth and opportunity. The area combines convenience with a thriving community atmosphere, perfect for a range of lifestyles.

What are the potential renovation options for this apartment?
The property offers a fantastic opportunity to renovate, update, or add value, including modernising the kitchen, bathroom, or enhancing the outdoor space to suit personal preferences.
Is the apartment suitable for first home buyers?
Yes, the apartment is ideal for first home buyers due to its convenient location, functional layout, and potential for future value growth.
What amenities are nearby?
The property is within walking distance to Parramatta CBD, Westfield shopping centre, public transport including Parramatta Station and Light Rail, parks, schools, and a variety of dining and entertainment options.
What is the current rental income and lease status?
The property is currently leased to a long-term tenant at $470 per week, providing an attractive income stream for investors.
Are there any upcoming infrastructure developments in the area?
Yes, the nearby Parramatta Light Rail corridor is enhancing public transport connectivity, and ongoing developments in the CBD are expected to further boost property value.
Are there any upcoming strata fee increases or special levies planned for the complex? Is the property compliant with all building and safety regulations? Are there any easements, zoning restrictions, or planning overlays affecting the property? Has the property been affected by any flooding or bushfire risks? Are there any planned developments or construction projects nearby that could impact the property’s value or living environment?

5/5 Thomas Street, Parramatta, NSW 2150 - More Details

$530,000

TWO-BEDROOM UNIT IN AN UNBEATABLE LOCATION - SOUGHT AFTER RIVER PRECINCT

Positioned in a quiet residential street on the northern fringe of the Parramatta CBD, this well-presented two-bedroom apartment offers comfort, convenience, and outstanding potential. Whether you're a first home buyer, investor, or downsizer, this is an excellent opportunity to secure a property in a highly sought-after location.

Property Features:
• Boutique complex of only 8 apartments
• Two generously sized bedrooms, with one featuring a mirrored built-in wardrobe
• Well-appointed bathroom with separate bath and shower
• Spacious open-plan living and dining area flowing onto a sun-drenched north-facing balcony
• Functional tiled kitchen with ample cupboard space and electric cooking
• Internal laundry
• Undercover car space
• Floorboards throughout
• Fantastic opportunity to renovate, update, or add value
• Currently leased to a long-term tenant, returning $470 per week
• Ideal for first home buyers, downsizers, and savvy investors alike

Enjoy the convenience of being close to Parramatta CBD, public transport, local schools, parks, shopping, and a wide range of lifestyle amenities, making this a smart purchase in a thriving location.

Location Highlights:
• Approximately 800 m-1 km from Parramatta Square and the city centre
• Parramatta Station (Sydney Trains, Metro West future interchange and bus interchange): approximately 10-15 minutes on foot.
• Easy access to major roads including James Ruse Drive, Great Western Highway, and the M4 Motorway.
• Numerous bus services operate throughout the Parramatta CBD.
• The Parramatta Light Rail corridor is nearby, improving public transport connectivity across Western Sydney
• Within walking distance is Parramatta Square, Westfield Parramatta, Church Street dining precinct, Harris Park's renowned Indian restaurant district, Numerous cafés, supermarkets and everyday services in the CBD.
• The property falls within catchments including: Bayanami Public School, Macarthur Girls High School
• Nearby tertiary institutions include Western Sydney University
• Close to Westmead hospital, Parramatta Park & CommBank Stadium

Outgoings (per quarter approx.)
Strata: $1,300
Council: $335
Water: $212


DISCLAIMER: "All information contained herein is gathered from sources we believe to be reliable. However, R&W Parramatta cannot guarantee its accuracy and interested persons should rely on their own enquiries".

*Property photos virtually styled for marketing purposes only*
Type
Unit
Bedrooms
2
Bathrooms
1
Parkings
1
House Size
81 m²

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