18/140-142 North Steyne Manly NSW 2095

Beachfront North Steyne | 2 bed 2 bath above median configuration | Strong suburb growth | No overlays | High floor inferred This unit presents a competitively strong proposition due to its direct beachfront positioning on North Steyne, a configuration of two bathrooms that places it above the typical two-bedroom stock in Manly, and the absence of development-inhibiting overlays. It serves buyers seeking a premium lifestyle holding in a suburb demonstrating robust capital growth, with the added benefit of reliable connectivity. The primary decision rests on justifying the price premium over the suburb median, as comparable sales indicate a wide value range. The opportunity lies in securing a scarce beachfront attribute with low holding risk, while the cost is the immediate price paid for future growth already partially realized. This property is best held as a long-term lifestyle investment with solid rental demand. A Propcred report would ground this premium in a real market valuation and detail locality-specific risks for insurance. Comparable sales show Unit 12 in the same building sold for $2,090,000 in November 2024. This recent transaction, significantly above the current suburb median, helps anchor the value expectation for this property and underscores the price premium commanded by this specific address.