14/1 Addison Road, Manly NSW 2095

| Manly flat | 93m² | heritage overlay | 2-bedroom | 1 car space | prime location | This property offers a rare combination of compact floorplate and heritage character in Manly, where 2-bedroom units typically trade at a premium for location over size. The 93m² internal area is efficient, not generous, but the heritage overlay signals architectural distinction that can command a buyer premium in this market. With 45% renters locally and strong rental demand, the property suits an owner-occupier seeking lifestyle adjacency or an investor targeting the stable Northern Beaches rental pool. The heritage overlay is the primary risk, as it restricts alterations and may increase maintenance costs, reducing future flexibility for a buyer seeking to add value. The 2010 last sale date suggests limited recent transaction evidence, so pricing must be benchmarked against comparable 2-bedroom units in the building and nearby. The 31-day average days on market and 69% clearance rate indicate balanced conditions, not urgency. Opportunity lies in holding for capital growth driven by Manly’s constrained supply and lifestyle demand, with rental income of $1,275 per week providing strong holding cost coverage. Use this as a long-term hold or a primary residence with rental flexibility.