2501/12 Phillip Street, Parramatta NSW 2150
2501/12 Phillip Street, Parramatta NSW 2150
modern 2021 build | two bathrooms and parking | central Parramatta | flood overlay recorded
This apartment is competitively positioned as a modern 2021 build in Parramatta’s core. Its two bathrooms and car space exceed the basic two-bedroom configuration, giving it stronger appeal for owner-occupiers and investors alike. The newer construction and central location near transport and employment edges out older stock in the area. It best suits buyers seeking a low-maintenance, lock-and-leave property in a high-demand urban setting.
The recorded flood overlay may be a factor for buyers to weigh, as it could influence insurance costs and long-term risk perception. The compact 60 square metre floorplan might not suit those seeking generous living space, and any lack of confirmation on aspect or floor height could affect price expectations. These elements should be considered when forming a view on the property’s value
Detailed Independent Property Report prepared by PropCred Analyst team for 2501/12 Phillip Street, Parramatta NSW 2150
Market Insight:
Parramatta is a major commercial hub with strong rental demand, particularly for affordable units which attract first-home buyers and investors. The house market, positioned in the premium segment, faces affordability pressures. Recent price trends show divergence, with house values experiencing correction while units demonstrate relative stability. Future growth is underpinned by significant infrastructure investment and its established role as an employment centre, though high investor concentration in certain unit stock and sensitivity to interest rates present key market constraints.