95/2-12 Young Street, Wollongong NSW 2500

Rare penthouse scale | 329sqm over two levels | Ocean glimpses and pool | Flood overlay noted | Suits downsizer or family The buying case rests on the property’s unusual configuration: a full-floor penthouse with house-like proportions, two dedicated car spaces, and a butler’s pantry in a CBD building with an in-ground pool. For a buyer seeking space without land maintenance, this delivers a competitive edge over standard Wollongong apartments. The recent renovations and custom joinery reduce immediate outlay, while the 12.2% suburb growth supports medium-term value retention. It suits downsizers who want lock-and-leave luxury or families who need room to spread without a house footprint. The flood overlay is the primary risk, requiring professional inspection and potentially higher insurance premiums, which a buyer must factor into holding costs. The asking price sits below the estimated value, creating a negotiating window if due diligence confirms no material water issues. Rental yield near 3.9% offers a fallback if plans change. Hold this property as a primary residence to capture lifestyle upside, or rent it out for steady income if the flood risk is manageable.