32 Manning Road, Double Bay NSW 2028
32 Manning Road, Double Bay NSW 2028
5-bedroom residence | 353sqm lot | 99% site coverage | flood overlay detected
The property’s near-complete site coverage of 99% on a 353sqm lot is exceptionally rare in Double Bay, effectively delivering a full-floor footprint across three levels with elevator access. This configuration suits a buyer seeking substantial internal space without the maintenance of a large garden, and the 2023 renovation from 4 to 5 bedrooms suggests the current layout was professionally reconfigured to maximise yield or family utility. The level stroll to Double Bay Village and strong owner-occupier dominance in the street (55%) indicate stable neighbourhood demand, while the 2023 auction result at $5,050,000 provides a recent price benchmark.
The flood overlay is a material consideration that may affect insurance premiums and future resale pool, though no heritage or bushfire constraints exist. The 99% building coverage limits outdoor amenity, which may reduce appeal for families seeking private open space. Buyers should verify council approvals for the post-2023 renovations and inspect for any unregistered works. This property is best held as a low-maintenance family home or downsizer residence, with the elevator and high-spec finishes supporting long-term occupancy rather than short-term flipping.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Double Bay is a premier harbourside suburb, positioned as a prestige destination for affluent professionals, downsizers, and families. Demand is driven by its premium location and the appeal of low-maintenance apartment living, which constitutes a significant portion of its housing stock. Recent market data shows varied price performance, indicating a nuanced and segmented market. Long-term growth is underpinned by its historical capital appreciation and enduring desirability, though the premium price point and market segmentation present inherent constraints.