11/261 Condamine Street, Manly Vale NSW 2093

First-floor apartment with giant terrace | leafy rear privacy | footsteps to city buses | immaculate security building This unit presents a competitively strong proposition due to its rare combination of a 91-square-metre floor plan and an expansive private terrace in a tranquil, rear building position. The internal space is efficiently configured with high-end finishes and storage, moving beyond typical one-bedroom layouts to offer a sense of larger living. Its immediate proximity to high-frequency B-Line bus services creates a genuine transport advantage, effectively positioning the property as a low-maintenance executive pad or a prime downsizer opportunity with seamless city and beach access. The immaculate security building and covered parking further solidify its appeal to an owner-occupier seeking a secure, lock-and-leave lifestyle or an investor targeting a premium tenant profile. The decision hinges on accepting a first-floor aspect and the inherent limitations of a one-bedroom configuration within the strata complex. The main risk is the constrained buyer pool upon resale compared to two-bedroom units, a factor reflected in the suburb’s clear price ceiling for one-bedroom apartments. The opportunity lies in acquiring a property with superior outdoor space and privacy-attributes uncommon in this price segment-which should support resilient rental demand and capital stability. Hold this property as a long-term investment capturing strong rental yields from professionals, or occupy it to secure a lifestyle position that is difficult to replicate at this price point within the Northern Beaches. Recent comparable sales provide clear market parameters. A nearly identical unit at 11/267 Condamine Street sold for $850,000 in February 2026, while two-bedroom units in the same precinct command estimates exceeding $1.04 million. This establishes a definitive value bracket, confirming that this property’s worth is anchored to the one-bedroom market, with its larger terrace and finishes potentially commanding a premium within that segment.