115 Manning Road, Woollahra NSW 2025

Park-side elevation | 651m² in Woollahra | first offering in 45 years | rebuild or renovate optionality The property’s core buying case rests on its combination of scale, positioning, and scarcity. A 651m² lot in Woollahra within a park-side pocket is rare, and the fact it has not transacted in 45 years signals limited supply competition for this configuration. The elevated setback and south-west rear orientation provide privacy and natural light, while the existing 186m² structure at 29% site coverage leaves substantial headroom for a redesign or full rebuild. This suits buyers who value land banking with immediate liveable shelter, or those seeking a blank canvas for a premium residence. The school catchment and reliable connectivity add practical depth for families or professionals. The flood overlay is a known constraint that will require geotechnical due diligence and may affect basement or excavation costs, but it does not preclude development. The steep slope increases site costs modestly and limits passive solar orientation, though the park-side frontage offsets this through amenity. The bedroom discrepancy across sources is immaterial given the property is effectively a land play with a shell dwelling. The estimated value range suggests the asking price sits at a discount to replacement cost, giving a buyer equity headroom post-renovation or subdivision. Hold for medium-term capital growth or execute a boutique townhouse development subject to council approval.