8/4 Lewis Place, Manly West QLD 4179
8/4 Lewis Place, Manly West QLD 4179
Townhouse estate | 3–4 bed likely | 2-car parking | Bayside suburb | Upper-middle attached market
This townhouse sits within a modern, low-rise estate in Manly West, where similar units in the same complex have traded between $808,000 and $962,000. That price cluster places it at the upper-middle end of the suburb’s attached housing, appealing to owner-occupiers seeking low-maintenance living near the bay, as well as investors drawn to steady rental demand. The configuration likely spans 3 to 4 bedrooms with two bathrooms and double garages, which suits families or downsizers wanting space without detached-house upkeep. The complex’s mix of unit sizes broadens its buyer pool, and the modern finishes seen in comparable units—stone benches, stainless appliances, security screens—suggest a quality fitout that supports resale appeal. Its best fit is a buyer prioritising convenience, security, and a family-friendly suburban setting over private land.
Value may hinge on the exact internal layout and condition of this specific unit, as townhouses in the same estate vary in size and presentation. The higher sale at $962,000 likely reflects a larger footprint or superior aspect, so the final price could sit below or near that level depending on how this unit compares. Rental estimates for similar units range from $650 to $775 per week, indicating moderate yield potential rather than high returns. The absence of confirmed details on floor level, courtyard, or outlook means the property’s appeal could shift meaningfully once inspected, particularly if it offers more private outdoor space or a quieter position within the complex.
|| Comparable Sales: 4/4 Lewis Place sold $808,000 (Mar 2024); 9/4 Lewis Place sold $962,000 | Property Price Band: $800K–$900K | Value Drivers: internal size, condition, outdoor space, position within complex
Detailed Independent Property Report prepared by PropCred Analyst team for 8/4 Lewis Place, Manly West QLD 4179
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Manly West is a tight, family-oriented bayside suburb where owner-occupiers dominate at 72.6%, and demand is driven by professional couples with children, typically in higher-income brackets and repaying significant mortgages. The house market is hot: the median sits around $1.29 million, with annual growth of 10.0–12.4% across sources, and values have climbed 94% in five years. Houses sell in a median 18–20 days across 152–176 transactions, confirming deep buyer appetite. Units have been flat over the past year but rose 119% over five years, while rental demand remains firm—house rents are up 5.9–7.4% and unit rents up 6.1–12.1% annually. The key growth driver is sustained family demand against a low-turnover, owner-occupied housing stock; the principal constraint is affordability, given prices have escalated sharply while unit growth has stalled.
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PropCred Estimated Value
Comparable Sales: 4/4 Lewis Place sold $808,000 (Mar 2024); 9/4 Lewis Place sold $962,000 | Property Price Band: $800K–$900K | Value Drivers: internal size, condition, outdoor space, position within complex
Bedrooms
4
Bathroom
2
Parking
2
Land
2.23 acres
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