Birmingham Gardens, Newcastle

Project & description: Birmingham Gardens Granny Flat Doubles Property Return on Investment

Result: With an already existing investment property, the clients of this project decided to increase their return on investment and add a granny flat to their property in Birmingham Gardens.

Featuring a large outdoor entertaining area, this two-bedroom granny flat is the ideal way to increase the property’s earning capacity. Located in Birmingham Gardens, this area is just outside of Newcastle and is close to freeway access, allowing for easy commute into Newcastle or down to the Central Coast and Sydney.

The classic weatherboard façade and grey and white colour scheme means this new home perfectly suits its surroundings. Inside, open plan living means the living room and kitchen flow seamlessly through to the two bedrooms. Premium Spotted Gum timber laminate flooring brings warmth into the home, as well as being easy to clean and ideal for rental properties. Split system reverse cycle air conditioning and black stone benchtops add a touch of luxury. Each bedroom features its own sliding door for external access, making it the perfect home for tenants who do shift work and don’t want to disturb the other person when they leave or return home from work.

Project cost: $140,000.00 including CDC Approval and Construction Fees
Build duration: 12 weeks
Rental Return: The average rental return for Birmingham Gardens is $410/week, so this investment will quickly offset any mortgage repayments!