1106/38 Atchison Street, St Leonards NSW 2065
1106/38 Atchison Street, St Leonards NSW 2065
Prime 11th-floor position | sweeping city views from two balconies | 121sqm internal with three doubles | strong St Leonards connectivity and lifestyle amenity
The property’s key competitive edge lies in its size and layout,121sqm internally with three double bedrooms and two full bathrooms is increasingly rare in new-build apartments, giving it a functional advantage over most comparables in the precinct. The dual balcony configuration with cityscape exposure and rooftop BBQ terrace adds genuine lifestyle appeal for owner-occupiers, while the ducted climate control and stone kitchen finishes reduce the need for near-term capital outlay. This unit serves best for professional couples or small families seeking a long-term home within walking distance of Royal North Shore Hospital, Crows Nest dining, and the St Leonards transport hub,demand from this cohort remains structurally supported by the area’s 50% concentration of 20-39 year olds.
The principal risk is the building’s 55% renter ratio and 92-unit scale, which can introduce variability in common property management quality and resale timing if multiple listings coincide. The open car space alongside the secure basement bay is an unusual configuration that may limit appeal for buyers requiring two enclosed parks. Opportunities include leveraging the current listing’s early market position,only one week on market as of early May,to negotiate before auction competition intensifies, particularly given the building’s 35% recent activity indicator suggests reasonable turnover. This property should be held as a primary residence for a minimum five-year horizon to recoup transaction costs and benefit from ongoing infrastructure uplift in the St Leonards corridor.
Detailed Independent Property Report prepared by PropCred Analyst team for 1106/38 Atchison Street, St Leonards NSW 2065
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
This suburb presents a compelling urban lifestyle proposition, anchored by excellent transport links and proximity to key amenities. Demand is driven by young professionals, students, and families, attracted by its connectivity and reputable schools. The market is characterised by steady rental demand for units, though house price growth has been modest and the market is notably quiet with very limited sales activity. Future growth is underpinned by ongoing infrastructure investment, but the market is heavily skewed towards apartments, with a constrained and inactive house segment presenting a key supply constraint.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
121m²
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