887/33 Hill Road Wentworth Point NSW 2127

Top floor Palermo penthouse | 112sqm internal, 33sqm tandem parking | Rarely available layout in Wentworth Point | Strong owner-occupier appeal. This property offers a genuinely rare configuration for Wentworth Point: a top-floor, full-sized two-bedroom apartment with 112 square metres of internal space, a large balcony, and a tandem car space with storage totalling 33 square metres. The floorplan and position within the Palermo building — designed by Allen Jack & Cottier — give it the feel of a small house rather than a standard apartment. For a buyer seeking a long-term home in a well-served suburb, the combination of size, natural light, and building amenities (pool, gym, recreation room, on-site management) creates a strong competitive position. It suits downsizers, professional couples, or families wanting a lock-and-leave property near transport and schooling, where the unit’s configuration and top-floor status will hold value better than smaller or lower-floor equivalents. The primary risk is the strata fee of approximately $1,173 per quarter, which is above average for the area and reflects the building’s facilities and age — this will reduce net yield for investors. The tandem parking, while generous, may be less convenient than side-by-side spaces for some households. The property last sold in 2020, and the current estimated value of $846,000 sits above the local median for two-bedroom units ($805,000), meaning the buyer is paying a premium for size and position. That premium is commercially logical if the buyer intends to hold long-term: the top-floor rarity and large floorplate are difficult to replicate in new developments, and the suburb’s improving transport links (ferry, M4, future metro) support capital growth. For an owner-occupier, this is a buy-and-hold home; for an investor, the rental estimate of $870 per week offers a gross yield of approximately 5.3%, which is acceptable for a property of this quality in Sydney’s middle ring.