138-140 Pittwater RoadManly NSW 2095
Property Details for 138-140 Pittwater Rd, Manly
138-140 Pittwater Rd, Manly is a 8 bedroom, 4 bathroom House and was built in 1920. The property has a land size of 423m2 and floor size of 288m2. While the property is not currently for sale or for rent, it was last sold in January 2023.
Last Listing description (January 2023)
An absolute prime investment opportunity with potential future upside (STCA), this entire block of apartments is superbly situated within 220 metres of world-famous Manly Beach. A boutique early 1920's building of only four, each of the exceptionally bright and spacious character apartments have been recently enhanced with stylish modern finishes and open to a vast elevated deck and private courtyards, lawn, and gardens. Offering the possibility of further capitalising via a Strata title conversion or redevelop into two semi-detached homes (STCA), its premier lifestyle address is only a short stroll to Manly's cosmopolitan village hub and city ferry terminal.
* Two storey walk-up building set on a near level 431sqm block
* The two upstairs flow to a vast sundeck with leafy outlooks
* Total value of the individual units combined is $6.5m + approx.
* Potential to increase the total value of the units to $8m approx.
* High yielding residential investment current gross yield 3.6%
* Potential to increase the rental yield to 4.6% approx.
* R3 - Medium Density Residential which allows strata units, town homes or duplex's
* Building Height limit of 8.5m with an FSR of 0.6:1
* Ability to convert this freehold unit block to strata title (STCA)
* Generous living rooms and dining areas adjoin the kitchen
* Sleek stone and gas kitchens with stainless steel dishwashers
* Oversized bedrooms with mirrored built-ins
* Chic bathrooms with Travertine look floor-to-ceiling tilling
* Upstairs sunrooms or studies with leafy streetscape outlooks
* Internal laundries, gas outlets in fireplaces, air con upstairs
* High patterned ceilings, ornate cast iron/timber fireplaces
* Covered rear terrace, level lawn and landscaped gardens
* Footsteps to eateries/deli's on Pittwater Rd and beachfront
* 700m to village, shops, and eateries, 1km to Manly Wharf
* Fully leased and currently returns $180,000 per annum approx.
Council: $4,797pa approx.
Water: $2,560pa approx.
All information contained herein is provided by third party sources including but not limited to the owners/developers, valuers and solicitors. Consequently, we cannot guarantee its accuracy. Any person using this information should rely on their own enquiries and verify all relevant details for their accuracy, effect and currency
Property History for 138-140 Pittwater Rd, Manly, NSW 2095
- 23 Jan 2023Sold for $5,000,000
- 13 Oct 2022Listed for Sale For Sale: Guide $5,000,000
- 07 Aug 2021Listed for Sale Contact agent
Commute Calculator
Recent sales nearby
See more recent sales nearby
0
/assets/perm/si64xgplcqi63g4eco7mjxvwha?signature=60d723c0776b2c820e853a9156404565d3b63b1fdf9011f7d21250846874e8fe){kind=logo}
0
/assets/perm/vc4fszb7zyi63ogknnfc22ysmq?signature=5f54de4801c6ee7da70c6e6dfdc4bf3f7fab2091e749a00c661ab256e2a4d580){kind=logo}
0Similar properties For Sale nearby
See more properties for sale nearby
0
0
0
Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
About Manly 2095
The size of Manly is approximately 5.6 square kilometres. It has 19 parks covering nearly 47.5% of total area. The population of Manly in 2011 was 15,072 people. By 2016 the population was 15,861 showing a population growth of 5.2% in the area during that time. The predominant age group in Manly is 30-39 years. Households in Manly are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Manly work in a professional occupation. In 2011, 45% of the homes in Manly were owner-occupied compared with 45.7% in 2016.
Manly has 11,156 properties. Over the last 5 years, Houses in Manly have seen a 32.81% increase in median value, while Units have seen a 33.41% increase. As at 31 October 2024:
- The median value for Houses in Manly is $3,957,794 while the median value for Units is $1,822,098.
- Houses have a median rent of $1,295 while Units have a median rent of $920.
Suburb Insights for Manly 2095
Market Insights
Manly Trends for Houses
N/A
N/A
View TrendN/A
N/A
Manly Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2024 RP Data Pty Ltd trading as CoreLogic Asia Pacific (CoreLogic). All rights reserved.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
