Building Lifestyle Through Investments

Cost-efficient quality – a new, stylish granny flat for the rental market

by Jun 30, 2021

Let Acrow Investments work with you to turn your dream into reality. Our latest project is a quality granny flat in Ettalong Beach, Central Coast, NSW.

The clients’ goal was to increase the income from their existing investment property. We achieved this with a top-quality, affordable granny flat designed to appeal to the local rental market.

 

Cost efficient quality new stylish granny flat living room
  • Project description: A modern granny flat, to generate rental income, with minimal outlay.
  • Result: A stylish and spacious two-bedroom, self-contained granny flat. Designed and built to suit the Central Coast waterside lifestyle.
  • Project cost: $135,000.00 including CDC Approval and Construction fees.
  • Build duration: 16 weeks.
  • Return on investment: This area averages $420/week in rent, meaning this property will quickly pay for itself!

The location

 

Cost efficient quality new stylish granny flat living room

A waterfront location adjacent to Brisbane Water, with an easy commute to Sydney or Newcastle, Ettalong Beach is a family-friendly area with great local schools. The locals love the lifestyle and the wonderful community spirit.

Bouddi and Brisbane Water National Parks are nearby with their stunning scenery and wildlife. Popular with picnickers, hikers, and off-road cyclists, Ettalong Beach is flat, encouraging family cycle rides and strolls to enjoy the views and the fresh sea air. There are playgrounds dotted along the beach and the water is shallow, kid-friendly, and perfect for a swim.

The area has a rich variety of restaurants and cafes, and chain and boutique shops. There is even a popular local cinema regularly showing art-house movies! Acrow Investments are delighted to have constructed an affordable and desirable property for our clients in this area.

 

Cost efficient quality new stylish granny flat - bed room

The Project

The white weatherboard facade and Merbau timber porch produce a striking entrance to this spacious home. The granny flat has an L-shape and has been designed and constructed to suit the property shape.

Modern and spacious, the home features two bedrooms with built-in robes, that are separated by the open-plan living area and kitchen. The property is targeted at the local rental market and will be perfect for sharers who want to retain some personal space.

From the carpeted bedrooms to the premium timber laminate flooring, the property is modern and luxurious. There is reverse cycle split system air conditioning for comfort and an all-white kitchen with stone benchtops and modern appliances for practicality.

A property with this quality of build, in this location, will soon be generating a very generous rental income.

The numbers

 

Cost efficient quality new stylish granny flat - bath room

This project cost $135,000.00 including CDC Approval and Construction fees. This is an investment property and is expected to generate a rental income of around $420 per week.

Partnering with Acrow Investments

Acrow are a family-run business covering the Central Coast, Newcastle, Lake Macquarie, and Hunter regions. We specialise in granny flats that suit the local area and exceed the brief and dreams of our clients.

Get in touch today for site-specific advice and a free quote.

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