5/94 Forsyth Street, Glebe NSW 2037

Waterfront penthouse rarity | Blackwattle Bay aspect | Low-density building | Two-car prestige parking This property captures a genuine competitive edge in Sydney’s inner-city waterfront market. The penthouse-style layout over Blackwattle Bay, with only seven properties in the building, limits supply and reinforces scarcity. Two secure car spaces in this location are a structural advantage, especially for owner-occupiers who value convenience and outlook. The strong natural light and open sightlines across the Anzac Bridge create a premium living environment that typically holds value well in downturns. This unit suits buyers seeking a low-maintenance, high-amenity primary residence or a long-term hold in a tightly held precinct. The primary risk is the automated valuation sitting above the guide, which may indicate the seller expects competition to push the final price higher. Buyers should budget for a margin above $1.9 million and verify strata levies and sinking fund health given the building’s smaller lot count. The opportunity lies in the limited supply of waterfront penthouses with dual parking in this price bracket—comparable stock is rare. Hold this property as a lifestyle base with capital growth tied to harbour foreshore redevelopment and limited new supply.