83 Grattan Terrace, Manly QLD 4179

Dual living on 405sqm | Seven bedrooms in blue-chip Manly | First listing since 2005 | Rare configuration for extended family or yield The property’s purpose-built dual living configuration across two self-contained levels is its primary competitive advantage, offering a genuine solution for multi-generational households or buyers seeking an income offset in a tightly held bayside pocket. With seven bedrooms and four bathrooms on 405 square metres, the scale is uncommon for Manly’s premier lifestyle precinct, and the 2005 ownership history suggests a long-held position that has not been exposed to recent market cycles. This property serves best for a buyer who needs separation of living quarters — whether for aging parents, adult children, or as a compliant rental component — and who values immediate proximity to the Esplanade and marina over a turnkey finish. The principal risk is that a property held since 2005 may require meaningful capital expenditure on systems and finishes, which should be verified through building and pest inspection before any offer. The estimated value range of $1.24 million to $1.64 million sits below the Manly median of $1.815 million, reflecting either condition discount or the dual living typology not commanding the same premium as single-dwelling stock. For a buyer, the opportunity is to acquire a rare dual-income capable property in a 69% owner-occupied suburb where rental demand for flexible floorplans is structurally supported. Hold this property as a long-term family base with rental assistance from one level, or as a yield-optimised investment in a low-supply corridor.