20 Lea Avenue, Russell Lea NSW 2046

Renovated waterfront-adjacent family home | 5 bed 4 bath with lift and pool | City views from master wing | Subdivision land size discrepancy flagged The property presents as a rare inner-west luxury offering where the buyer is acquiring a fully finished architectural home with lift access, harbour views, and resort-grade amenities-features typically found in much higher price brackets. The north-facing garden with heated pool and entertainer’s cabana, combined with a butler’s kitchen and smart home automation, positions this house strongly for families seeking turnkey prestige without ongoing renovation demands. Its catchment for Five Dock Public and Concord High schools adds long-term family appeal, while the absence of bushfire or heritage overlays simplifies due diligence. The property best suits an executive family wanting immediate lifestyle and minimal post-purchase work. The primary risk is the land size discrepancy-current marketing states 441m², while older records suggest a much larger parcel, possibly due to subdivision. A buyer must verify the legal lot dimensions and confirm no encumbrances from the earlier dual occupancy approval or cabana construction. The rental yield around 1.7% is low, confirming this is a lifestyle rather than investment play. However, the 2022 sale history and consistent high-end finishes suggest value retention. If the land holding is confirmed as the smaller size, the price per square metre is steep, but the house’s quality and position in Russell Lea’s tight market should support resale. Hold as a primary residence and enjoy the amenity; do not expect strong rental returns.