12/39-41 Victoria Road, Parramatta NSW 2150

2 bed with ensuite & dual balconies | Parramatta core | Long-held block | Multi-unit strata This unit presents a competitively configured two-bedroom, two-bathroom layout with dual balconies, a combination that strengthens its appeal for owner-occupiers and investors seeking low-maintenance living in central Parramatta. Its position within a large, established strata block and a decade-plus holding period for the current vendor suggests underlying stability. The property is best suited to a buyer prioritising location over architectural distinction, with its value anchored by functional space and proximity to key schools and transport. The primary decision hinges on strata dynamics and value relativity. The broad range of holding periods within the building indicates varied owner motivations, which can impact strata cohesion and future capital expenditure. Comparable sales within the same building show material price variance, signalling that individual unit aspects and market timing heavily influence outcomes. Proceed with a purchased strata report to clarify financial health, then position this as a long-term hold to amortise acquisition costs, as its configuration supports resilient rental or owner-occupier demand. Recent sales in the building provide a direct value benchmark: – Unit 18 sold for $596,000 in June 2024, after a 12-year hold. – Unit 1 sold for $655,000, after a 7-year hold. This disparity confirms that lot-specific factors and holding period significantly affect realised price. For this unit, the asking range aligns with the upper end of this spectrum, demanding scrutiny of its condition, aspect, and strata position to justify the premium.