5/19A-21 Addison Road, Manly NSW 2095

rare waterfront townhouse | large strata landholding | private beach access | downsizer and prestige buyer focus | inconsistent value signals across similar units What is competitively strong or rare about this property is its configuration as a waterfront townhouse with a private courtyard, terrace, and direct beach access in a tightly held Manly strata complex. The large scheme landholding of about 5,669 m² and the inclusion of two secure car spaces are uncommon for the area, positioning this property well above typical apartment stock. Its north-facing aspect and harbour views, combined with a quiet cul-de-sac setting, make it particularly suited to high-net-worth downsizers or sea-change buyers seeking low-maintenance waterfront living with strong privacy and lifestyle amenity. Material factors that may affect the property’s value include the 1978 construction date, which could influence ongoing maintenance costs or strata levies, and the heritage overlay noted for the address area, which might limit future alterations or redevelopment. The internal area of 119 m² is modest for a townhouse at this price point, and the wide range of value signals across similar units in the same scheme suggests that aspect, view quality, and finish condition are critical differentiators. Buyers should weigh these variables carefully when forming a view on price.