33 Waratah Parade, Narraweena NSW 2099

33 Waratah Parade, Narraweena. Five bedrooms, two bathrooms, four parking spaces on 790 square metres. A detached brick house with a DA-approved two-bedroom granny flat. Single level main residence. Corner block. This property sits in a different category to most homes in Narraweena. The combination of five bedrooms plus a separate two-bedroom dwelling is rare in this suburb, and it gives the house a genuine dual-occupancy advantage. For a family, it offers space for multigenerational living without compromise. For an investor, the yield potential is materially higher than a standard three or four bedroom home because the granny flat generates its own rental income stream. The corner block configuration adds to the sense of space and provides practical access benefits. The location is walkable to schools, shops, and bus routes, which strengthens its appeal to buyers who value convenience over seclusion. This is a property that serves the buyer who wants flexibility, income potential, or room to spread out, and it does so in a quiet, established suburb where this level of configuration is not common. The presence of the approved granny flat may influence how different buyer groups value the property. A family who intends to occupy both dwellings might view the price differently to an investor who will rent both out. The land size is above average for the area, which may offer future options, but the existing approvals already define the current use. The property sits at the top end of the suburb’s price range for residential homes, and that positioning means the buyer pool will be narrower. Maintenance across a larger site with two dwellings is higher than a standard single home, and that should be factored into ongoing cost expectations. The auction process introduces uncertainty, but the property’s configuration gives it a defensible advantage that most other homes in the area simply do not have.