34 Ada Street, Telarah NSW 2320

charming cottage with DA for subdivision | dual-occupancy potential in family suburb | rare value-add without full renovation The property’s primary strength is the approved development application for a second two-bedroom dwelling on a 626-square-metre block,this is uncommon in Telarah’s current listings and gives a buyer immediate optionality. For an owner-occupier, the existing three-bedroom cottage offers character and liveable space while the subdivision can be staged or rented out. For an investor, the DA reduces holding time and uncertainty compared to starting from scratch. The facade and interior styling appeal to buyers seeking a blend of period charm and modern function, which supports resale demand in a suburb where median prices sit around $670,000. The main risk is the price gap between the $850,000 guide and the estimated value of $670,000,this premium reflects the development upside but also means the buyer pays for potential not yet realised. The single bathroom and lack of interior photos suggest the cottage may need updating, and subdivision costs (planning, infrastructure, construction) must be factored into the return calculation. That said, comparable sales on Ada Street at $738,500 provide a floor, and the DA effectively creates two income streams from one land holding. Hold for rental yield and sell the subdivided lot once built.