The listing we observed
1 bedrooms · ApartmentUnitFlat
Listing details describe the advertised home. They do not verify its condition or approved use.
Jesse Chester · last observed 13 Oct 2026← swipe · 8 photos
Currently listed — $950,000 ▼ Reduced 5% · $50k · 12 days ago
1 bed · 1 bath · 1 car · Apartment / Unit
Asking price cut 5% ($50k, from $1,000,000 to $950,000) 12 days ago. The vendor has already moved once: negotiate below the NEW asking, not at it.
Your buyer evidence guide
Understand the home before the offer.
The useful records, what they mean, and the questions they leave open. Start here, then explore the evidence below.
The strata scheme
SP7516 · 50 lots
Scheme size provides context. It does not tell us the current levies, finances or condition of the building.
NSW strata register · registered 1973Planning activity nearby
1 recorded application at or near this address
An application is not an approval or a promise that building work will happen. Location and stage matter.
NSW Planning Portal · individual records in Explore the areaWhat deserves a closer look
- price cut $50k — to $950k
- asking $1M
- listed by the agency (portal date)
These are recorded events, not evidence of the seller's motivation.
What we still cannot tell you
- No settled-sale history is available in this page's records. This does not mean the home has never sold.
- The model has no confident read on this property: the advertised figure sits below the model's entire likely range, and on our sold-validation set such homes sold at their advertised figure — the comparable pool is likely describing dearer stock than what is being sold.
- Public records and an automated estimate cannot establish whether the home is defect-free, what the contract contains, or why the owner is selling.
Questions to take to the inspection
Use these with the agent and your independent advisers. An answer is something to verify, not a fact we have recorded.
- Which nearby applications affect this home, and what stage has each actually reached?
- Which recent sales are most comparable to this home, and how do their size, condition and position differ?
- What repairs, alterations or water issues are documented, and what can an independent inspection verify?
- What do the strata records show about current levies, planned works, meeting decisions and unresolved defects?
- Do the planning and heritage records match this exact lot, and what approvals exist for alterations?
The estimate is a model output. The records are evidence. Your inspection and document checks fill the gaps.
Is the asking price plausible?
This is a comparison with the evidence we hold, not a valuation or a recommended offer.
NO CONFIDENT READ
The model has no confident read on this property: the advertised figure sits below the model's entire likely range, and on our sold-validation set such homes sold at their advertised figure — the comparable pool is likely describing dearer stock than what is being sold.
Comparable auction sales
| Address | Config | Sold | When |
|---|---|---|---|
| 725/22 Central Av | 1 bd · 1 ba | $1.05M | Sept 2025 |
| 3/101 Sydney Rd | 1 bd · 1 ba | $870k | June 2025 |
| 5/15 Bonner Av | 1 bd · 1 ba | $1.08M | May 2025 |
Suburb risk flags
crime index: 68 — above sydney average · 6 min walk to Manly Wharf · ~18 min ferry to the CBD · ferries ~every 5 min at peak
Where every number comes from
- Comps: published Domain auction results for Manly — suburb × configuration matches, not hyper-matched to this address
- Evidence trail: tracked by our radar from portal listings, web-archive checks and published auction results — each entry dated
- Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment
What changed recently?
- 17 July 2026 listed by the agency (portal date)
- 25 Aug 2026 asking $1M
- 2 Oct 2026 price cut $50k — to $950k
- 15 Oct 2026 on market 89 days — portal listing date
What to inspect before you offer
- Condition, aspect, renovation and the contract — these can materially change price, and the estimate cannot see them.
- The strata scheme: registration is recorded in 1973 and has 50 lots; ask for the strata report, planned works and levies.
- 1 development application is recorded at or near this address — check the source records and current status.
- Planning controls and heritage status — confirm the exact lot, not just the address-level guide, before relying on development potential.
- Building condition: public records cannot establish that a building is defect-free; inspect independently.
These are due-diligence prompts, not a verdict on this property.
⏱ Days on market — this campaign
89 days since our daily sweep first saw this listing.
The portal's own campaign may have started slightly earlier than our first sighting. Longer campaigns tend to mean more negotiating room — the board's "Longest listed" sort exists for exactly that reason.
Rent evidence — asking vs transacted, Manly · postcode 2095
$675–$880/wk is what 1-bed units in 2095 actually transact for (middle half of 101 bonds lodged, Q2 2026 · median $775/wk — NSW Fair Trading, CC BY).
2019Q1 → 2026Q2: $760 → $1050/wk · +6% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2095, all bedroom counts pooled.
Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.
Growth trend — Manly units at auction
Measured like-for-like growth ≈ -4.9%/yr — 2-bed sold-price medians across 17 quarters (138 sales).
Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.
Agencies' own published sales nearby — Manly, around 1 beds
| Address | Sold | Price | Beds | Agency |
|---|---|---|---|---|
| 2/2a Kangaroo Street | 17 July 2026 | $1,500,000 | 2 | Cunninghams |
| 1/15a Eustace Street | 26 June 2026 | $1,270,000 | 2 | Cunninghams |
| 1/30 Eurobin Avenue | 26 May 2026 | $965,000 | 1 | Cunninghams |
| 3/15A Eustace Street | 5 Feb 2026 | $1,350,000 | 2 | Cunninghams |
| 3/51 Pittwater Road | 5 Dec 2025 | $1,850,000 | 2 | Cunninghams |
Prices as published on the selling agency's own website (their sold pages) — includes private-treaty sales the auction results never see. Only sales the agency chose to publish a figure for appear here.
Similar properties — on the market now
$959,000
9/16-18 Koorala Street
Manly Vale · 2.6 km away
2 bed · 1 bath · 1 car
$940,000
1/19 Eustace Street
Manly
1 bed · 1 bath
$930,000
4/513 Sydney Road
Balgowlah · 2.7 km away
2 bed · 1 bath · 1 car
▼ Reduced 2.1% · $20k · 3 weeks ago
$990,000
6/7 Tower Street
Manly
2 bed · 1 bath
$995,000
4/15 Bonner Avenue
Manly
1 bed · 1 bath · 1 car
$905,000
2/84 Wanganella Street
Balgowlah · 2.7 km away
1 bed · 1 bath · 2 car
▼ Reduced 7.2% · $70k · 6 weeks ago
The 6 listings above are on the market now: same unit category, within 1 bedroom of 1, asking within 20% of this one, in Manly or a suburb whose centre is within 3 km — ordered by how close the asking price is. That is the whole rule: a filter, not a recommendation, and nothing here judges which home is better.
Planning & zoning — R1 General Residential
A mix of housing types — houses through to apartments — permitted.
Height limit 8.5m (≈ 2 storeys) — the current legal ceiling for new building at this point under the LEP. Any proposal above it needs a variation or a rezoning — the kind of change the fast-track pipeline tracks.
Floor space ratio 0.6:1 — the maximum gross floor area you can build is 0.6:1 times the site area.
Strata plan SP7516 — A strata-titled scheme — the parcel area is the WHOLE scheme's land, not this unit's. From the NSW cadastre at this address's geocoded point.
Zone R1 (General Residential) under the NORTHERN BEACHES LEP, from the NSW ePlanning layers at this address's geocoded point — a guide, not a parcel-level legal check. Confirm the exact lot at the NSW Planning Portal.
Development applications — at & near this address
| Where | Proposal | Status | Outcome | Est. cost | Lodged |
|---|---|---|---|---|---|
| ~95 m · 11 Osborne Road Manly 2095 | Residential Flat Building, Subdivision · 8 new dwellings | Under Assessment | not on record | — | 2026-07-07 |
Development application data © NSW Department of Planning and Environment, used under CC BY 4.0. Matched at this exact address or within ~150 m of its geocoded point — proximity evidence, not a parcel-level check. Lodged means proposed, not approved or built. Outcome comes from a separate NSW dataset that stops in Nov 2023: applications determined after that, or still undetermined, read “not on record” — which means we don't know, never that it was refused. “Status” is the council's own workflow state and “Determined” on its own does not say which way it went. Verify any application on the NSW Planning Portal.
Construction risk — what no listing tells you
Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).
Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.
We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.
The building — its registered strata scheme
Strata plan SP7516 registered 1973 — the building is at least 53 years old · 50 lots in the scheme.
Registration is an age floor, not a build date — a converted building is older than its strata plan. Scheme records from the NSW Strata Hub. © State of New South Wales (Spatial Services, a business unit of the Department of Customer Service NSW). For current information go to spatial.nsw.gov.au.
What's changing in Manly — recent local signals
2026-10-08 — Development site — listing's own words: "Redevelopment Opportunity" (11 Fairlight Street, Manly, NSW 2095) (listing rea-152573976 (rea), first seen 2026-10-08)
2026-09-27 — DA-approved site — listing's own words: "DA-approved" (49 Bower Street, Manly, NSW 2095) (listing rea-152385056 (rea), first seen 2026-09-27)
2026-09-03 — Development site — listing's own words: "STCA" (9 Pacific Parade, Manly, NSW 2095) (listing rea-152236644 (rea), first seen 2026-09-03)
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
School catchments
Manly Village PS (primary) · The Forest HS (secondary)
1 primary school within 2 km · ICSEA ~1158 — the socio-educational advantage of the school community (My School, national average ~1000): a demographic measure, never a results or quality score.
NSW DoE intake zones at this address's geocoded point — tighter than a suburb-level guess, but geocodes carry a few metres of error and boundaries change with reviews. Verify the exact address at School Finder. Intake zones cover government schools only.
Green space nearby
Protected public recreation land within 100 m
Land zoned RE1 under the local environmental plan — reserved for public recreation, which protects it from being built over. The zoning doesn't say what's on it or how usable it is, and this layer doesn't carry park names.
Privately-zoned recreation land (RE2 — typically golf courses or club grounds) within 250 m. Private land: green outlook, not public open space.
Straight-line distance, not walking distance. NSW ePlanning planning layers (Land Zoning), CC BY. Distances are ladder buckets measured at the address's geocoded point.
Want the numbers agents don't volunteer?
Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.
Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.