Building Lifestyle Through Investments

A larger granny flat for a larger increase in rental return

by Nov 16, 2020

The rental market in Saratoga, on the NSW Central Coast, is surging. And recently our team was called on to help a local property owner take advantage through further increasing the rental returns on their existing investment property. How? With an uncommonly spacious prestige granny flat.

The existing property in Saratoga, around 75mins north of Sydney, already has the big three of real estate all sewn up: location, location and location. As such, the area has become a beacon for families, empty-nesters and retirees. And that means demand is rock solid. Perfect for a granny flat project. Read on for more.

Project overview:

  • Project description: Large two-bedroom granny flat optimised for rental desirability.
  • Result: A granny flat with the space and finish to stand as a home in its own right. And that means the owner can virtually double their rental return from the same block of land.
  • Project cost: $159,000.00 including CDC approval and construction fees.
  • Build duration: 15 weeks.
  • Rental Return: Properties in Saratoga have an average weekly rent $500 – combined with the income of the existing house, this property is set to earn a fantastic investment return.

Building a granny flat in a desirable lifestyle locale like Saratoga is a smart move. Further, the size and finish of this two-bedroom granny flat make it something special – and especially suited to capitalise on the area’s strong demand.

The location

Saratoga is simply a beautiful location. Around the leafy centrepiece of Mt Pleasant (115m tall), the suburb is sited on a peninsula that extends into Brisbane Water and is also bordered by Kimcumber Broadwater. Yet, despite seeming almost like an island, Saratoga offers convenient road access to the commercial centre of Gosford, just a 15-minute drive away.

Mixing nature, lifestyle and suburban comforts, Saratoga has a village atmosphere that simply offers a wealth of views, foreshore and forest for young families, established couples and retirees.

The project

This would have to be one of our best granny flats. Uncommonly spacious and offering two full bedrooms, the Saratoga project’s stunning deck – in distinctive merbau wood – leads onto an open-plan living and kitchen area. It’s the perfect outdoor-indoor space for entertaining … or just sitting back for a coffee with friends and family.

Completing the fit-out, the granny flat has premium vinyl flooring, stone benchtops and split-system reverse-cycle air-conditioning. You can see why this premise presents standout attractiveness to any potential tenant.

Granny Flat in Saratoga, NSW Central Coast - Bedroom
Granny Flat in Saratoga, NSW Central Coast - Bathroom

Completing the fit-out, the granny flat has premium vinyl flooring, stone benchtops and split-system reverse-cycle air-conditioning. You can see why this premise presents standout attractiveness to any potential tenant.

Granny Flat in Saratoga, NSW Central Coast - Living Room & Kitchen

The numbers

All this lifestyle value … and at the right cost too: the entire project came to just $159,000 – that includes CDC approval and construction fees. What’s more, Saratoga is in demand. As one of the top 50 most active real estate markets in NSW, rental returns are excellent and overall property prices have defied any market wobbles to routinely track upward – consistently showing around 1.7 percent over the past 3 years.

Granny Flat in Saratoga, NSW Central Coast - Living Room

Choose Acrow Investments

As a family-run business that’s based on the Central Coast itself, Acrow Investments are the team to trust for the construction of granny flats, duplexes and dual occupancies in the immediate area and out to Newcastle and the Hunter.

When you’re thinking of expanding, go with the trusted locals. Get in touch with Acrow Investments today to ask for site-specific advice and a free quote.

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