Manly is an iconic beach suburb that attracts the young and the not so young. Units outnumber houses by four to one and many houses in this laid-back suburb are on leasehold land.
So when a freehold house does come to market it always attracts interest.
The latest prestige house to come up is harbourside with 270 degree views to Balmoral and the city.
And it is in a tightly-held street with very few house sales.
There were seven sales in Manly’s Wood St last year. Six were apartments and just one was a house.
In 2017 the pattern was similar — out of 15 sales only three were houses. And in 2016 only five properties in the street changed hands — two of them were houses.
The pattern here is clear. If you are lucky enough to get your hands on a house in this prime part of Manly, then you hang on to it.
Take 75 Wood St, Manly for example. This four-bedroom, Federation semi-style home has been held by the same owners for almost 30 years.
The house is selling by expressions of interest closing Thursday February 21 and it has a price guide of $4.5 million.
Tim Mumford, of Stone Real Estate Manly, said the street was highly sought-after for its location, within walking distance of Little Manly Point and the beach, the impressive quality of homes and the outstanding views on offer.
“This one has some of the best views I’ve seen anywhere in this area,” Mr Mumford said.
“The home is an absolute treasure, it has been immaculately cared for is going to attract plenty of interest.”
SIGN UP FOR THE LATEST REALESTATE NEWSLETTER
The home has views that sweep across the harbour to Balmoral, the city skyline and across to the eastern suburbs.
A spacious indoor-outdoor floorplan, complete with multiple living spaces, private accommodation, balconies and terraces, make the most of the outlook.
Features include a skylit, custom-built kitchen with European appliances, dishwasher and casual dining; mature and easy-care tropical gardens; loft-style retreat on the top level with viewing balcony; airconditioning, ceiling fans, security intercom, and automated double garage.