23/140 Addison Road, Manly NSW 2095
23/140 Addison Road, Manly NSW 2095
5th-floor 2-bed with harbour views | North/northwest light | Secure garage and lift | Long-owner building | Single-bathroom constraint
A well-positioned mid-sized apartment is found in this tightly held Eastern Hill building. The north/northwest aspect and elevated fifth-floor position are matched with harbour and beach outlooks that are genuinely hard to replace in this pocket. The 114.8 sqm title area is considered generous for a two-bedroom layout, and the secure garage, storage cage, and lift access are provided for practical full-time living. The building’s long owner-occupier tenure and landscaped 3,830 sqm site are seen as markers of stability rather than transient rental turnover. This unit is best suited to a downsizer or empty-nester seeking walkable beach access, natural light, and low-maintenance living without compromising on parking or storage.
The appeal of the single-bathroom configuration might be limited for families, narrowing the field to couples and downsizers. Strata levies near $2,731 per quarter may be seen as substantial but are typical of this building type. Fresh paint and new carpet may be compared against upgraded units in the same complex, so presentation alone might not justify a premium. The view and garage are the strongest value anchors, supported by floor level and aspect.
Detailed Independent Property Report prepared by PropCred Analyst team for 23/140 Addison Road, Manly NSW 2095
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Manly’s premium beachside position sustains demand from high-income professionals, families and Sydney commuters, with house values around $4.5 million and weekly house rents near $2,000. Ferry access to the CBD supports the lifestyle appeal, though limited rail, parking constraints and thin sales volume—roughly 55–59 houses annually—keep turnover tight, averaging 68 days on market. Recent price trends are mixed: house growth ranges from −2.07% to +13.6% depending on the source, while unit medians sit near $1.75–$1.8 million with annual growth between −3.9% and +6.1%. Investors favour units for their higher rental yield (about 3.2% versus 1.9% for houses) and faster turnover. Forward drivers remain tied to the desirability of the coastal address and ferry connectivity, but high entry prices, rate sensitivity and low housing supply are decisive constraints on future appreciation.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 21/140 Addison Rd sold $5.385M (premium 3-bed); 3/23 Addison Rd sold as 317 sqm tri-level | Property Price Band: $2.0M-$2.1M | Value Drivers: north/northwest aspect, harbour-to-beach outlook, secure garage
Bedrooms
2
Bathroom
1
Parking
1
Land
3826m²
URL has been copied successfully!