64/9 Herbert Street St Leonards NSW 2065

64/9 Herbert Street St Leonards NSW 2065
15th-floor apartment | Last sold 2011 at $795k | Dual parking in established precinct | School catchment proximity This three-bedroom apartment on a 123 square metre floor plate suits owner-occupiers and investors seeking mid-rise convenience within established infrastructure corridors, with dual parking reducing the typical constraints of unit living in this locality. The property occupies the 15th floor, which positions it above typical street-level noise and congestion while maintaining proximity to major transport corridors and employment centres. The 158 square metre site allocation reflects standard apartment block proportions for this era of St Leonards development, where the suburb transitioned toward medium-density residential patterns. Last selling at $795,000 in April 2011 provides a 15-year pricing baseline, though the interval between sales limits direct assessment of recent appreciation or market momentum. The configuration of three bedrooms across a compact floor plan suggests the layout prioritises functional separation rather than sprawling common areas, a practical trade-off typical of inner-north Sydney apartment stock. Location within the Willoughby local government area places the property under consistent planning controls and council service standards. Proximity to Artarmon Public School (1.3 km) and Chatswood High School (2.9 km) appeals to families, though catchment proximity alone does not guarantee preference or premium pricing in a suburb with multiple schooling options. The absence of bushfire, flood, or heritage overlays simplifies future renovation or development potential relative to other nearby properties. Reliable NBN fibre and 5G coverage address contemporary utility expectations rather than representing competitive advantage. Properties of this type in St Leonards typically attract owner-occupiers scaling down from larger dwellings or investors seeking stable rental yields from professional tenancy, though the 15-year sales gap suggests this particular unit may have remained in consistent ownership. The market position reflects functional city-adjacent living rather than emerging growth precinct appeal, which generally supports long-term stability but not pronounced capital appreciation beyond inflation.
Detailed Independent Property Report prepared  by PropCred Analyst team for 64/9 Herbert Street St Leonards NSW 2065
Checks found:
Value Risk 2
Liquidity Risk ! 1
Planning Risk
Income Risk 2
Execution Risk ! 1
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Market Insight

St Leonards is a high-density employment and health precinct where demand is driven by proximity to the Royal North Shore Hospital and CBD access. The market is heavily apartment-based, with strong investor participation and rental demand. Ongoing high-rise development introduces persistent supply pressure. Price growth is therefore cyclical, often lagging landed suburbs despite strong fundamentals. Performance depends more on supply timing than demand strength.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

123m²

Research & Review Prepared by Brian Moon, Analyst · Reviewed by Matt Proctor, Principal Analyst
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