702/486 Pacific Highway, St Leonards NSW 2065
702/486 Pacific Highway, St Leonards NSW 2065
7th floor Mirvac St Leonards | 58-60m² one-bedder with balcony | city views | pool spa cinema gym concierge
This property offers a rare combination of Mirvac build quality and full resort amenity in a one-bedroom format, which strengthens its appeal to both owner-occupiers seeking low-maintenance luxury and investors targeting the professional tenant demographic. The oversized bedroom with built-in wardrobe and generous balcony with city views are uncommon at this size, giving it a competitive edge over standard one-bedroom units in the same price bracket. The location at the heart of St Leonards, with retail and transport at the doorstep, supports strong rental demand and capital growth in a suburb that has seen unit values rise nearly 19% over five years.
The absence of strata fees in the listing data is a material gap that requires immediate clarification, as quarterly costs can significantly affect net yield and holding costs. The lack of public sales history means no prior price anchor, making independent valuation critical before any offer. The property is best suited as a long-term hold for a professional couple or single buyer who values amenity and location over space, or as a core-plus investment in a high-demand corridor. Secure a strata report and comparable sales analysis before proceeding.
Detailed Independent Property Report prepared by PropCred Analyst team for 702/486 Pacific Highway, St Leonards NSW 2065
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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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
1
Bathroom
1
Parking
-
Land
62m²
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