3105/1A Morton Street Parramatta NSW 2150

2 bed apartment |riverside position |flood overlay |est $620k value |recently listed. This two-bedroom apartment in a 1.76 ha strata complex suits professionals or couples prioritising urban convenience and school access. Positioned on level 31 it captures elevated views over the river while sharing the site’s large footprint with similar units in this modern tower. The single secure car space addresses parking demands in a dense urban pocket where street access ties directly to light rail and walkways. Buyers drawn to these setups often include downsizers or investors eyeing yields around 6% as seen in comparable rentals nearby. Similar two-bedroom units in the building have traded steadily between $595k and $617k holding values with modest growth over 2-6 years. Its residential zoning amid a pending function centre modification nearby signals stable mixed-use appeal without heritage constraints. Flood overlay warrants insurance checks but hasn’t deterred local sales activity with 149 similar apartments moving in recent weeks. Long-term it benefits from Parramatta’s infrastructure momentum supporting low vacancy and tenant demand. This setup positions it as a pragmatic hold in a market favouring functional riverside stock.