Laneway love: custom granny flat in Pelaw Main, Hunter Valley
We are pleased to announce the unveiling of a brand-new, custom-designed, 2-bedroom granny flat in the quaint and quiet township of Pelaw Main, in the Hunter Region.
The new property – just a kilometre or so south-west of the regional hub of Kurri Kurri – has both a stunning modern look and yet also a homey feel.
Here’s the project overview:
- Project description: Custom-designed, 2-bedroom granny flat in Pelaw Main, Hunter Region.
- Result: A dream buy! Anyone looking to purchase an investment property with granny flat potential should look to this project. It’s a choice example of what can be achieved with exceeding value. With a wide frontage and dual road access, it’s an A+ for convenience, amenity and privacy.
- Project cost: $150,000.00, including CDC approval and construction costs.
- Build duration: 12 weeks
- Return on investment: The Pelaw Main area offers consistent rental returns. A granny flat upgrade like this is forecast to generate enough return to pay off a mortgage on a full-size home!
Just kilometres or so from the shopping strip of Kurri Kurri, Pelaw Main is a hamlet in the Hunter Valley Region of New South Wales. It’s just 35 minutes on the expressway from Newcastle.
Founded as a coal town 120 years ago, Pelaw Main’s mining days are long, long past. Today, the little locality is residential. It boasts a wealth of well-preserved historical sites as well as access to modern amenities popular among couples, families and retirees.
The wider area is mostly farmland on gently sloping green plains. There are also frequent forested pockets.
Within a 10-minute drive there a dozen cafes, two supermarkets, three medical centres and around 10 schools and kindergartens. Lifestyle and family really are well catered to.
Boasting modern amenities with an old-world feel, this project is the perfect example of a granny flat with rental potential.
The block features a wide frontage and, crucially, access via both a main road and a laneway. This means the granny flat can be accessed from a different road than the main house. How’s that for ensuring privacy and creating a granny flat that “feels” like a standalone home?
Combined with a grand entrance and a huge outdoor area, we know that this small home will be in high demand.
Costing a total of $150,000.00 – that’s including CDC approval and construction costs, the project is an ideal investment.
The laneway access offers renters peace of mind with regards to privacy, sweetening an already delicious rental opportunity.
Just awaiting its first tenants, the property is expected to be cashflow positive immediately. The payback period is likewise expected to be prompt. Our clients will surely be well rewarded for their investment foresight.
Choose Acrow Investments
We build local because we are locals. Our expertise is particularly deep in the Central Coast, Newcastle and Hunter regions.
If you’re ready to embark on your own investment property journey, get in contact today. No-obligation site-specific advice and free quotes available.
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