13/35-36 East Esp Manly NSW 2095
13/35-36 East Esp Manly NSW 2095
North-facing harbour glimpses | modern security building | single garage | flood overlay present | high strata levy.
This unit’s primary financial risk is the quarterly strata levy, which is high for a one-bedroom apartment and directly impacts holding costs and net yield. The flood overlay, while not affecting bushfire or heritage status, introduces a potential insurance premium and resale complexity. However, its position in a modern, low-maintenance building opposite Manly Cove, with a north aspect and garage, supports a strong lock-and-leave investment for a professional or downsizer seeking a low-effort harbour lifestyle. The property is best held as a long-term lifestyle purchase with moderate capital growth expectations, rather than a high-yield rental investment.
Its competitive strength lies in the rarity of a fully renovated, north-facing apartment with a garage in this immediate harbourside location. The fourth-floor elevation provides coveted cove views and privacy, while the 300-metre walk to Manly Wharf defines its premium, car-optional appeal. This unit serves a specific buyer: one prioritising security, views, and proximity over square footage, and who is insulated from the strata costs. For that buyer, it represents a scarce opportunity in a tightly held enclave.
Your next step is to scrutinise the strata report for capital works plans that justify the levy, and commission a flood impact assessment to fully quantify that risk.
A comparable unit in the same building is currently listed for rent at $1,300 per week, with an estimated value of approximately $1,574,000. This signals robust rental demand and supports a valuation premium for well-positioned stock in this building, contextualising this property’s market position.
Detailed Independent Property Report prepared by PropCred Analyst team for 13/35-36 East Esp Manly NSW 2095
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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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.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
-
Land
1252m²
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