339 The Round Drive, Avoca Beach NSW 2251

Level 481sqm block | 600m to beach | DA-approved plans | tightly held pocket The property presents a rare opportunity to secure a level 481sqm parcel in a tightly held beachside pocket where such blocks seldom transact. Its flat walk to Avoca Beach, adjacency to the public school, and position opposite a local café give it a strong lifestyle and convenience profile that appeals to families and downsizers alike. The availability of council-approved plans for a high-end architectural residence removes a key uncertainty for developers or renovators, while the existing two-bedroom dwelling offers immediate rental income potential at an estimated $600 per week. This combination of location, redevelopment optionality, and income holding capacity makes the property most suited to buyers seeking a medium-term value-add play or a premium coastal home site. The primary risk lies in the need for substantial capital to realise the full potential, as the existing residence is original and likely requires significant renovation or demolition. Buyers should verify the cost and feasibility of the approved plans against current construction prices. The property sits at the lower end of the $1.3M–$1.36M search band, and Domain’s $1.32M estimate suggests limited immediate upside without redevelopment. However, the scarcity of level blocks in this location, combined with the approved plans, provides a clear path to value creation for those with the means to execute. The 2011 last sale date indicates long-term holding, which may reduce vendor urgency.