708/178 George Street, Parramatta NSW 2150

North-facing with multipurpose room | Riva on George complex | Flood overlay flagged | Strong rental demand This unit offers a rare configuration for a one-bedroom apartment: a multipurpose room that can function as a study or second sleeping space, which strengthens its appeal to professionals working from home and downsizers seeking flexibility. The north-facing balcony, open-plan layout, and river glimpses give it a competitive edge over comparable stock in the Parramatta market, particularly within a modern complex with pool, gym, and spa amenities. Building fibre broadband and 5G coverage further support the remote‑work buyer profile it is best suited for. The flood overlay identified in planning checks is the primary due‑diligence concern; it may affect insurance premiums, renovation approvals, and future resale perception, so a flood report is advisable before proceeding. Parking is not clearly confirmed, which could limit appeal among car‑dependent buyers. On the opportunity side, the central Parramatta location, strong rental income around $715 per week, and valuation cluster near $550,000 to $570,000 indicate solid investment fundamentals if the flood risk is manageable and parking can be verified.