Building Lifestyle Through Investments

Better Return, Brighter Future – Granny Flat in Birmingham Gardens

by Mar 9, 2021

At Acrow Investments, we’re a team that takes pride in helping to make our client’s dreams real … through steel, paint, brick and timber! This is why we consider our latest project – a modern granny flat in Birmingham Gardens NSW – such a success.

Located in this up-and-coming Newcastle fringe suburb, our client’s existing investment property already had a lot of notable features. And now it has one more: a stunning granny flat that’s already supercharging their return on investment.

Let’s take a closer look…

 

  • Project description: A charming granny flat in Birmingham Gardens, Newcastle NSW.
  • Result: A modern, elegant granny flat that doubles the return on the client’s property investment.
  • Project cost: $140,000.00 including CDC approval and construction fees.
  • Build duration: 12 weeks.
  • Return on investment: Birmingham Gardens sees a rental return of $410 per week.

The location

Birmingham Gardens is a fringe suburb of Newcastle whose star is rising. Bordering the University of Newcastle, it’s popular with young and middle-aged households and boasts a lucrative rental culture. More recently, over 55s have made the area home as well, boosting the potential further. Simply, people want to live there.

And when we say “fringe”, remember that Newcastle is a compact city. The CBD is just 11 largely traffic-free kilometres away. Of course, you don’t have to even drive that far. Birmingham Gardens abuts the suburb of Jesmond, which features a shopping complex, cafes and restaurants. One surprising feature of this residential suburb, Birmingham Gardens hosts one of the only heritage cinemas left in NSW! So, if you’re looking for a relaxed yet in-demand area with great rental returns, this is it.

Birmingham Gardens Granny Flat - Bed Room

The project

Looking to get more from their initial property, our clients gave us a straightforward brief: “We want a modern, elegant granny flat to increase overall returns”.

So, this is precisely what we gave them. The granny flat features a classic weatherboard facade combined with a grey and white colour scheme. These tasteful neutrals mean the new building is in no way obtrusive, and simply melds naturally into its surroundings. The interior is just as effective, boasting an open-plan layout that gives the living and bedroom areas a comfortable and easy flow.

As this is to be a rental property, special attention was paid to ease of upkeep and practicality. Each bedroom features an external sliding door – ideal for tenants who do shift work and want to avoid disturbing others.

Not to say there aren’t prestige touches. Think: a split-system reverse-cycle air-conditioning and benchtops in grey stone and spotted gum timber laminate flooring. The overall effect is a home that’s cleanly presented, attractive and easy to maintain.

The numbers

The project itself cost $140,000.00 including CDC approval and construction fees. With the granny flat expected to rent for $410 per week or more, our clients are expected to earn a return on their investment in good time.

 

Partnering with Acrow Investments

Acrow Investments is a family business that specialises in the construction of granny flats, duplexes and dual occupancies in the Central Coast, Newcastle and Hunter regions. We’re proud locals and we take pride in building our client’s dream homes.

Looking to expand your own property’s potential? Get in touch today for tailored, site-specific advice and a free quote.

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