704/390-398 Pacific Highway, Lane Cove NSW 2066

2 bed, 2 bath, 2 car | Strong building tenure profile | 68% long-term residents vs 32% suburb average | Well-located on Pacific Highway This property is positioned in a building with an unusually high proportion of long-term owners, which typically signals well-managed common property and stable occupancy. The 2-bedroom, 2-bathroom configuration with dual parking is a sought-after layout in Lane Cove, particularly given the suburb’s median unit price of $960k and the building’s demonstrated growth on comparable units. The scheduled auction and short market time suggest competitive interest, and the property suits owner-occupiers seeking a solid, low-turnover building with established amenity access. The primary risk is the property’s position on Pacific Highway, which may introduce traffic noise and limit future capital growth compared to quieter streets. However, the building’s strong owner-occupier ratio and consistent sales history on 2-bedroom units mitigate this. The opportunity lies in the building’s tenure profile, which supports stable value retention, and the potential for the unit to outperform Lane Cove’s broader unit market over a medium-term hold.