20/1 Osborne Road, Manly NSW 2095

Prime location in Manly | 2-bed apartment with parking | 89 sqm internal space | strong rental yield potential | low maintenance configuration This property presents a compelling buying case due to its rare combination of size and parking in Manly’s tightly held apartment market. The 89 sqm floor plan is notably generous for a two-bedroom unit, offering genuine separation of living spaces and storage that newer developments lack. The single bathroom is practical for a downsizer or professional couple, while the dedicated car space adds significant utility in a suburb where parking is scarce. The property is best suited to owner-occupiers seeking a long-term home in a premium beachside suburb, or investors targeting stable rental demand from professionals who value both location and functional space. The primary risk is the age of the building, which may require special levies for future capital works, though this is typical for established Manly stock. The absence of a second bathroom limits appeal to families or sharers, narrowing the buyer pool slightly. However, the strong rental yield of 3.6 to 3.8 percent, combined with Manly’s consistent capital growth driven by lifestyle demand and limited supply, provides a solid commercial logic for purchase. Hold this property as a medium-term residence or income-producing investment, relying on location and scarcity rather than renovation upside.