2105/12 Phillip Street, Parramatta NSW 2150
2105/12 Phillip Street, Parramatta NSW 2150
21st-floor premium tower unit | 2021-built with full amenity stack | river/CBD/stadium outlook | flood overlay noted
This is a newer, higher-spec apartment that sits clearly above the typical Parramatta unit stock. The 21st-floor position within The Lennox delivers a genuine view advantage, and the 79 m² internal layout for a two-bedder is efficient rather than generous, but the building’s amenity depth — indoor lap pool, gym, concierge, resident lounges — is what separates it from the suburb’s older mid-rise offerings. It suits a professional couple or downsizer who wants walk-to-everything convenience, strong rental appeal, and a property that does not feel dated. The 2021 build means modern finishes, ducted air, and Miele appliances are already in place, which reduces immediate capital outlay.
The flood overlay is the one explicit planning constraint, and it may affect insurance costs or lending appetite for some buyers, though the building’s high-rise form limits practical exposure. The parking discrepancy between data sources is worth clarifying, as an assigned space materially changes convenience and resale appeal. Rental demand appears solid at around $885 per week, supported by proximity to transport, Westfield, and riverside dining, but the broader supply of new units in Parramatta could temper short-term price growth. The 2022 sale of a smaller two-bed in the same cluster at $845,000 offers a rough floor for comparison, though the superior floor and amenity here justify a premium.
|| Comparable Sales: 2102/12 Phillip Street, 2-bed, sold $845,000 in 2022 | Property Price Band: $900K–$1.0M | Value Drivers: high floor with views, 2021 build quality, building amenity level, flood overlay consideration.
Detailed Independent Property Report prepared by PropCred Analyst team for 2105/12 Phillip Street, Parramatta NSW 2150
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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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.
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PropCred Estimated Value
Comparable Sales: 2102/12 Phillip Street, 2-bed, sold $845,000 in 2022 | Property Price Band: $900K–$1.0M | Value Drivers: high floor with views, 2021 build quality, building amenity level, flood overlay consideration.
Bedrooms
2
Bathroom
2
Parking
1
Land
2425m²
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