56/68 Macarthur Street, Parramatta NSW 2150

3 bed penthouse | 134sqm | flood overlay flagged | strong rental comparables This apartment offers rare scale for a three-bedroom unit in central Parramatta, with a floorplan that competes with older-style flats rather than typical new-build boxes. The penthouse positioning and dual bathrooms give it genuine owner-occupier appeal, while the rental evidence from the same building—yields above 5%—shows it can also work for an investor. The buyer who secures this near the lower end of the range is buying into a liquid market with good transport and amenity access, and the size alone differentiates it from most stock in the precinct. The flood overlay is the primary concern; it may narrow lender appetite and push insurance premiums higher, and it should be confirmed whether heritage overlay also applies, as that could restrict future alterations. Strata records must be reviewed for sinking fund health and any past waterproofing issues common in older apartment blocks. That said, the building has active turnover and consistent rental demand, which reduces exit risk. Hold this property for steady rental income or as a well-located home with room to grow.