24 Riviera Avenue, Avalon Beach NSW 2107

North-facing high position above Pittwater | 1,774m² land in Avalon | 4-bed house | Bushfire overlay present This property’s primary strength is its substantial landholding in a tightly held suburb, combined with a north-facing aspect and elevated position offering prized Pittwater views. The configuration of four bedrooms on a large block suits a family seeking space and orientation, with the added benefit of falling within the catchment of well-regarded government schools. The house serves a buyer looking for a long-term holding with land value dominance over building quality, given the noted discrepancy in floor area reporting. The bushfire overlay imposes specific construction and insurance costs, a material ongoing holding expense. The absence of recent comparable sales data in the report introduces pricing uncertainty against the listed ask. Proceed only with a detailed appraisal of true replacement costs and insured value under the overlay. The commercial logic favours treating this as a land bank with a functional existing house; the value is in the parcel, not the structure. Secure it below the central estimated value to account for overlay-related outlays.