Manly is the favoured spot on the northern beaches for Baby Boomers but another suburb is nipping at its heels and one address in particular is being discovered by empty-nester buyers.
Narrabeen has been touted as the peninsula’s answer to Manly and Ocean St is being pounced on by cashed up buyers looking for the lifestyle more associated with Manly.
Buyers are discovering they can enjoy beautiful walks, surfing, shops, good public transport and an emerging cafe culture.
Narrabeen’s Ocean St has seen some strong sales this year. A grand house on 1000sqm of land at 197 Ocean St sold for $7.55 million last month, a new record for the suburb.
In October a three-bedroom unit at 50/11 Ocean St, Narrabeen sold for $1.98 million.
Now a four-bedroom house at 141 Ocean St has sold for around its $2.35 million guide the day before its scheduled auction.
The architect-designed house had a floating skillion roof, a timber bridge and was a minute’s walk to the beach. Mark Bryant, of Cunninghams Property, said a family who had been renting in the suburb are the new owners and Narrabeen’s popularity is growing with new cafes and good transport.
One of the latest listings in Ocean St is a three-bedroom apartment with dreamy water views on the market for $2.2 million.
Stevan Bubalo, of Novak Properties, said the 192sqm apartment at 211/44 Ocean St, Narrabeen is within the award-winning Ocean complex with pool, gym and function room. The apartment has point blank sand and sea views, direct lift access and security double garage.
“We are seeing a lot of people coming from St Ives and they might have looked at Manly but find it busy,” he said.
“Narrabeen offers the same lifestyle but without the tourists,” he said.
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The recently-completed walkway around Narrabeen lagoon has become a drawcard for Baby Boomers wanting relaxed and easy exercise and a clutch of cafes and shops have sprung up catering for the new baby boomer market.
The B-Line bus service which connects the northern beaches to the city has proved a popular run offering turn up and go public transport.