2106/1 Marshall Avenue, St Leonards NSW 2065

2-bed study apartment | St Leonards tower | strong rental yield | high owner turnover signals liquidity The property sits in a well-positioned St Leonards building where comparable two-bedroom units have traded between $1.37m and $1.5m over the past five years, giving the current listing realistic support. The dedicated study and balcony are uncommon in this configuration and improve appeal for professional couples or downsizers who want work-from-home space without upgrading to a third bedroom. The building’s short-term ownership cluster suggests active re-sale potential, and the 5% gross yield on similar units means an investor can expect reasonable holding cover. The main risk is the 3090m² land figure being the strata lot total, not the individual unit’s share, so capital growth will track building performance rather than land scarcity. The 0.03% annual growth on unit 2702 signals that top-floor positions in this tower may lag, and the 2106 floor level is not stated. Buyers should verify floor height and view quality before committing. On the opportunity side, the Lane Cove Council area has no overlay constraints, and the Greenwich-Hunters Hill school catchment adds family buyer depth. Hold this as a medium-term rental or live-in base with a five-year horizon.