4/140-142 North Steyne, Manly NSW 2095
4/140-142 North Steyne, Manly NSW 2095
Beachfront ground-floor courtyard unit | tightly held 29-property block | 90 mยฒ with secure parking | premium Manly school catchment | strong building sales evidence
A ground-floor apartment in a tightly held beachfront block is a rare configuration in Manly, and this unitโs direct courtyard access and 90 mยฒ internal footprint give it a genuine house-like liveability that upper-floor apartments cannot offer. The buildingโs 2024 sale at $2.09 million confirms strong buyer demand for this specific address, while the secure parking and school catchment position it as a long-term hold for owner-occupiers seeking lifestyle and capital resilience. This property is best suited to a discerning buyer who values immediate outdoor space and scarcity over views.
The main risk is the single bathroom, which may limit appeal to families and future resale breadth, though it is typical for apartments of this era. No bushfire, flood, or heritage overlays have been flagged, but a full strata inspection is essential to confirm sinking fund health and any upcoming levies. The opportunity lies in the buildingโs small size and low turnoverโacquisition here offers entry into a blue-chip beachfront pocket where supply constraints and lifestyle demand consistently support values.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 4/140-142 North Steyne, Manly NSW 2095
Market Insight:
Manly is a premier beachside suburb with a high-income demographic, positioning it as a lifestyle and investment destination. Demand is driven by affluent professionals and families seeking coastal living, supported by strong rental demand from CBD commuters. Recent price trends show moderate growth with some volatility, reflecting a market sensitive to interest rates. Future growth is anchored in its enduring lifestyle appeal and transport links, though high prices and limited supply present ongoing affordability and liquidity constraints.