Growing a property portfolio with a second investment property in San Remo
At Acrow Investments we pride ourselves on being a truly local company. A family-run business covering the Central Coast, Newcastle, Lake Macquarie, and Hunter regions. We take the time to get to know our clients and understand their dreams and desires.
We were thrilled when clients for whom we had previously built an investment property returned to us for another project
- Project description: A second investment property, to grow the client’s property portfolio.
- Result: A granny flat that complements the area, designed to appeal to local renters.
- Project cost: $133,000.00, including CDC approval and construction fees.
- Build duration: 15 weeks.
- Return on investment: The average rental return for San Remo is $355/week.
San Remo is situated on the bank of Budgewoi Lake, with easy access to the Sydney or Newcastle city centres. The Northlakes High School located within San Remo gives the area a family focus.
Footpaths and parkland along the shores of the lake, dotted with playgrounds and picnic areas, attracts families, cyclists and walkers. San Remo embraces the great outdoors, With twin boat ramps leading the way to superb fishing or water sports on the lake.
With shopping and city centres within a short travelling distance, San Remo is rapidly growing in demand and has a prime position on the Central Coast.
Acrow Investments designed and built a granny flat that reflects the lakeside location of the region. Eastern Blackbutt timber laminate flooring throughout exudes luxury and embraces the vibe of the lakeside forests and parkland. Split system reverse cycle air conditioning adds comfort and supplements the cool breezes off the water.
Stone benchtops and quality appliances in the classic white kitchen add class and durability. The clients are delighted with the quality of the build and the location adds to the rental appeal of this property. Growing demand for rental housing in the region means the clients’ income will soon be supplemented by the returns on this new investment.
This project’s costs came to just $133,000.00, including CDC approval and construction fees. With other rental properties in the area garnering an average of $355/week in rent, this new granny flat is expected to increase the rental return of the initial property and give our clients the boost of a second return on investment they were hoping for.
Partnering with Acrow Investments
Acrow are proudly local, specialising in the construction of granny flats, duplexes and dual occupancies in the Central Coast, Newcastle, Lake Macquarie, and Hunter regions. There is no better testimonial to a business than repeat customers, so we were delighted to build a second property for these clients.
Looking to increase your own income via an investment property? Get in touch with the local experts today for site-specific advice and a free quote.
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