A granny flat investment property to bring in a rental income in Weston
Result: A granny flat is a fantastic way to not only increase your property value, but also receive a rental income, offering an extra small home on the one block of land. The clients of this granny flat located in West in the Hunter region wanted to do just this, with the granny flat offering the ability to build and rent an extra home without the costs involved of buying two blocks of land.
This home is a suburban delight, with an open plan kitchen and living area flowing out onto a perfectly complemented merbau entry porch and stairs. This granny flat boasts 2 spacious bedrooms with modern bathroom & kitchen.
Historical Weston is ideally located close 40 km’s north-west of Newcastle, shopping centres, schools, and hospitals. This modern granny flat captures the quiet country lifestyle of its surrounds and will provide our clients with a fantastic return on investment as it has the potential to earn upwards of $480 rental return per week based on area averages.
- Project cost: $118,000.00 including CDC Approval and Construction Fees
- Build duration: 13 weeks.
- Rental Return : This area averages $480/week in rent.
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