18/140-142 North Steyne, Manly NSW 2095
18/140-142 North Steyne, Manly NSW 2095
Beachfront 1993 build | 118m² 2-bed with dual bath | Lift, sauna, secure parking | Ocean outlook, open-plan living | Premium Manly strip rarity
This apartment holds a genuine scarcity position on the Manly beachfront. The 118m² floor plan is generous for a two-bedroom, particularly in a coastal market where many units trade closer to 80–90m². The 1993 construction is solid, and the building’s lift access, sauna, and secure parking elevate it above typical beachside stock. Its direct ocean aspect and balcony make it a lifestyle-driven purchase, best suited to downsizers or owner-occupiers who value immediate beach access and walkability to Manly village. The dual bathroom configuration adds practical comfort, and the open-plan living area works well for entertaining. This is not a high-yield rental play; it is a prestige home choice where lifestyle premium outweighs investment metrics.
Value may be shaped by the building’s coastal exposure, which can demand ongoing maintenance for external surfaces and common areas. The floor level is not confirmed, and lower-level units may have reduced outlook or privacy compared to upper floors. Strata levies in a 1993 building with lift and sauna could be moderate to high, and the North Steyne road position may carry traffic noise during peak periods. The 118m² size is a strong positive, but layout efficiency and balcony orientation should be verified. Buyers should weigh the trade-off between beachfront scarcity and the practical costs of older strata living when forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 18/140-142 North Steyne, Manly NSW 2095
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Manly’s premium beachside position sustains demand from high-income professionals, families and Sydney commuters, with house values around $4.5 million and weekly house rents near $2,000. Ferry access to the CBD supports the lifestyle appeal, though limited rail, parking constraints and thin sales volume—roughly 55–59 houses annually—keep turnover tight, averaging 68 days on market. Recent price trends are mixed: house growth ranges from −2.07% to +13.6% depending on the source, while unit medians sit near $1.75–$1.8 million with annual growth between −3.9% and +6.1%. Investors favour units for their higher rental yield (about 3.2% versus 1.9% for houses) and faster turnover. Forward drivers remain tied to the desirability of the coastal address and ferry connectivity, but high entry prices, rate sensitivity and low housing supply are decisive constraints on future appreciation.
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PropCred Estimated Value
Comparable Sales: 12/140-142 North Steyne sold $2.09M Nov 2024; 28/140-142 North Steyne sold Oct 2025 as 4-bed split-level | Property Price Band: $3.2M–$3.3M | Value Drivers: Beachfront position, 118m² floor plan, dual bath configuration
Bedrooms
2
Bathroom
2
Parking
1
Land
118m²
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