16/11 Koorala Street, Manly Vale NSW 2093

16/11 Koorala Street, Manly Vale NSW 2093
3 bed | 1 bath | 1 car | large balcony | secure garage | strata complex | beaches nearby | limited stock This unit offers a rare configuration for its price point: three bedrooms in a walkable beachside pocket, with a large balcony and secure parking that expands its appeal beyond first-home buyers to young families or downsizers wanting space without a house. The strata context at 11 Koorala Street is supported by recent strong resale evidence, which indicates the building holds value and attracts owner-occupiers, making this a defensible entry into a tightly held suburb. The single bathroom is the primary constraint, limiting appeal for sharers or families who need more than one, and the inactive listing status suggests either a withdrawn sale or a gap in marketing that could signal vendor fatigue. Buyers should verify the strata levy history and any upcoming special levies, as the 2024 sale at $1.275m for a similar unit provides a realistic ceiling. Hold this property for medium-term capital growth driven by Manly Valeโ€™s undersupply of three-bedroom apartments, or rent it to professionals who value proximity to beaches and cafes.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 16/11 Koorala Street, Manly Vale NSW 2093
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Market Insight:

Manly Vale is a highly desirable coastal suburb positioned as a premium family and lifestyle market, attracting professionals, first home buyers, and downsizers. Demand is driven by its excellent location near beaches, parks, and amenities, offering diverse housing with a strong preference for low-maintenance strata living. The market is competitive with robust capital growth observed across both houses and units, supported by ongoing infrastructure improvements. Future growth is underpinned by consistent demand and its community atmosphere, though high entry prices present an affordability constraint and rental yields indicate some sensitivity to economic conditions.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

1894mยฒ

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