52/13 Herbert Street St Leonards NSW 2065

Three-bedroom apartment, level 7 | Last sold May 2022 at $1.41m | 142sqm total, resort facilities | Steps to St Leonards Station This three-bedroom apartment on the seventh floor of a secure complex offers 142 square metres across internal living space and a double lock-up garage, positioning it as a practical acquisition for professionals and families prioritizing walkable urban convenience over land. The property was last transacted in May 2022 for $1.41 million, with current estimates placing its value between $1.31 million and $1.45 million. Built in 2000, the unit displays the characteristics typical of early 2000s North Shore apartment construction, combining generous internal proportions with resort-style shared facilities including an indoor pool, spa, gym, and sauna. The floor plan centers on an open-plan living and dining area that extends to a substantial covered balcony, a layout that reflects evolving preferences for integrated entertaining spaces within compact urban dwellings. Three bedrooms with built-in wardrobes and two bathrooms accommodate family or professional household configurations without excessive square meterage. The property’s primary strength lies in its location and accessibility rather than any standout structural features. Positioned within 200 metres of St Leonards Station and adjacent to the Forum Plaza shopping precinct, the apartment captures the demand profile of buyers seeking minimal friction between home, work, and urban amenities. The Crows Nest Metro proximity adds additional transport optionality. Properties of this type, configuration, and location in the lower North Shore corridor have historically attracted both owner-occupiers unwilling to compromise on connectivity and investors seeking moderate rental yield—current rental estimates suggest weekly income between $1,190 and $1,405. The apartment’s modest appreciation trajectory since its 2022 sale indicates a stabilized market segment where holding value derives primarily from location utility and lifestyle positioning rather than speculative capital growth. Council rates of $1,728 annually and water rates of $800 reflect standard strata-administered property costs for this asset class and tenure type.