2201/486 Pacific Highway, St Leonards NSW 2065

Prime St Leonards location | 22nd floor aspect | 68sqm 1-bed apartment | Not currently on market | No direct comparable sales This unit offers a highly efficient footprint in a central, high-density precinct directly on the Pacific Highway, placing you within immediate reach of the St Leonards medical and transport hub. Its 22nd-floor position suggests desirable views and light, while the smaller size positions it as a lower absolute entry point into a suburb where larger units command premiums. This property best serves a pragmatic buyer seeking a foothold in a tightly held location, prioritizing accessibility over internal space, or an investor targeting a specific tenant demographic requiring proximity to the hospital and city. The primary risk is the absence of recent, direct one-bedroom sales data within the building, making precise valuation opaque and exposing you to potential overpayment against unverified benchmarks. Highway adjacency almost guarantees traffic noise, a persistent cost in liveability and future resale appeal to noise-sensitive buyers. Proceed only with a disciplined valuation based on adjusted comparisons to the building’s active listings, treating this as a long-term hold to amortize the entry cost against strong rental demand from the medical and professional tenant pool. Recent sales in the immediate complex provide context: a three-bedroom unit in the same building sold for $2,700,000 in February 2024, while several two-bedroom units are currently marketed below $2,000,000. This establishes a clear price hierarchy by size and confirms strong liquidity for larger configurations, though it does not directly anchor the value of this one-bedroom layout.