12/48-52 Addison Road, Manly NSW 2095

Waterfront terrace | private entry | double parking | 213m² strata | top-floor position This property presents a competitively strong offering within Manly’s premium market, primarily due to its rare configuration as a large, top-floor residence in a small, well-maintained block. The combination of three bedrooms, two bathrooms, and double parking is uncommon, but its defining edge is being one of only seven waterfront terraces with direct beachfront proximity to Little Manly Beach. This positions it optimally for a buyer seeking a low-density, high-amenity coastal home, serving downsizers or families who value space, privacy, and immediate beach access over high-rise apartment living. The decision hinges on the premium for its unique attributes against inherent risks. The primary cost is the illiquidity and potential volatility associated with ultra-premium waterfront units, compounded by a strata structure that concentrates capital value in communal building integrity. The opportunity lies in acquiring a scarce, sub-divided land interest in an irreplaceable location, with a commercial logic of long-term capital holding rather than short-term yield. Proceed with a disciplined budget, as its value is highly specific; our advisory can secure a real market valuation and scrutinise the strata’s health, locality risks, and insurance exposures for this distinct property. Recent comparable sales at this address provide a clear value benchmark. Unit 13/48 Addison Road, a similar three-bedroom residence but with only one car space, transacted for $4.275 million in September 2025, following a purchase at $3.2 million in May 2022. This sharp appreciation underscores strong demand for this specific block and configuration. For Unit 12, its superior double parking and likely top-floor aspect command a justifiable premium over this comparable, anchoring its value solidly above the $4.275 million mark.