2902/1 Marshall Avenue, St Leonards NSW 2065

High-floor unit in high-rise | prime Marshall Avenue address | compact 99m² strata | positioned for metro-driven demand. This unit’s primary strength is its precise positioning within a transforming urban hub. A floor 29 placement in a modern high-rise on Marshall Avenue offers a scarcity premium, appealing directly to young professionals and investors seeking connectivity over space. The configuration aligns with core rental demand for two-bedroom units, while its address places it minutes from the Crows Nest Metro station, a permanent infrastructure advantage that underwrites long-term desirability and shields value from broader market softness. It serves the investor seeking a high-amenity property for reliable tenancy and the owner-occupier prioritizing transit efficiency over larger internal area. The decision hinges on accepting a compact floor plan in exchange for location and future growth participation. The 99m² strata size is materially smaller than recent comparable sales, a direct risk mechanism that will cap capital growth relative to larger units and appeal to a narrower buyer pool upon resale. However, the commercial logic is clear: secure a high-floor property in a precinct with significant council investment and redevelopment momentum, where rental yields remain strong. Acquire this for hold, leveraging its rental appeal to service the mortgage while banking on infrastructure completion to accelerate value; it is not a short-term trade. Recent comparable sales in St Leonards provide context for this property’s likely value range: – 7 Marshall Avenue: $1,680,000 for 2 bed, 2 bath, 1 park, 147m². – 1305/3 Herbert Street: $1,080,000 for 2 bed, 2 bath, 1 park. – 41/19-23 Herbert Street: $1,060,000 for 2 bed, 2 bath, 1 park. – 2306/1 Marshall Avenue: $1,460,000 (bed/bath not specified). The sales data indicates a premium for larger internal areas and specific addresses. The subject property’s significantly smaller 99m² strata area positions it below the top-tier sale at 7 Marshall Avenue, yet its high-floor status in the same building series as the $1.46m sale suggests a value anchored in the mid-range of these comparables, adjusted for its size constraint.