1305/12 Phillip Street, Parramatta NSW 2150

High-floor river/CBD views | contemporary luxury building | walkable CBD transport/amenities | flood overlay present This unit presents a competitively strong proposition within Parramatta’s high-density core, defined by its 13th-floor aspect delivering panoramic river and city views—a rarity that differentiates it from typical stock. The property’s contemporary finishes, building amenities like a concierge and pool, and direct proximity to major transport hubs position it optimally for a professional owner-occupier seeking a low-maintenance, lifestyle-focused residence or an investor targeting the strong rental demand inherent to this location. It serves a buyer prioritising urban convenience and premium finishes over land component. The primary decision mechanism is the flood overlay, which necessitates specific due diligence on insurance costs and potential future resale considerations, offset by the property’s inherent scarcity value from its aspect. The recent sale history indicates a purchase price below the estimated valuation range, suggesting a potential entry point. Given the high rental yield supported by building amenities and location, this unit is best held as a long-term investment, with its view and floor level providing a durable buffer against market fluctuations in a precinct of abundant, but often inferior, apartment supply. Recent comparable sales data is limited for direct comparison. However, the property’s last sale in 2023 at $920,000, against a current estimated value up to $950,000, suggests a stabilised market position. The presence of newer, similarly configured units in the same building commanding near $980,000 reinforces the value inference that this unit’s high-floor view premium is competitively priced within its immediate micro-market.