2A Narelle Avenue, Pymble NSW 2073

Large north-facing rear parcel | highset 1085m² duplex | held 30 years | Gordon East Public catchment This property presents a competitive position based on its substantial, highset land parcel with a north-facing rear orientation, a configuration that is increasingly rare in this established suburb. The full-brick duplex structure, while a family home for decades, is positioned on land of a scale that offers future potential, making it a compelling proposition for a buyer seeking a long-term hold with optionality. It serves best a buyer with a multi-year horizon who values the certainty of top-tier school catchments and the inherent value of a large, level parcel over immediate luxury finishes, which are not detailed. The primary decision rests on paying for potential within a tightly held location where recent comparable sales data is not provided, introducing valuation risk. The commercial logic involves capitalizing on the land’s attributes either through renovation or future development, subject to zoning, which is unspecified. Proceed with a strategy to secure the parcel at a price that reflects its current, dated condition, not its aspirational end value, as the cost of realizing that potential-both in capital and time-will be substantial. This is a land banking play with a liveable house attached, not a turnkey solution.