320 Park Avenue Kotara NSW 2289

Large block in established suburb | 3-bed house on 974m² | Above typical land size | Near government schools | Recently listed for sale This property presents a competitive position based on its substantial land holding, which is significantly larger than the typical Kotara house block. This scarcity factor underpins its estimated value above the suburb median, serving a buyer seeking land appreciation or future development potential within established school catchments. It is best suited for a long-term holder, not a short-term trader. The primary risk is paying a premium for land size without recent, direct comparable sales to validate the price. The 25-day suburb average marketing period suggests measured demand, requiring a disciplined offer strategy. Proceed with an offer anchored to land value, anticipating a hold period to realise its potential. Our report provides the specific valuation framework and locality due diligence needed to secure this lot advantageously. Recent comparable sales data is limited for direct comparison. A unit at 7/312 Park Avenue sold for $685k, which is not a relevant benchmark for this house. With 53 houses sold in Kotara this year, the absence of closer sales underscores the uniqueness of this large block, demanding a bespoke valuation approach.