How Much Does A Granny Flat Cost?
Can I afford to build a granny flat?
It’s a question you might have recently asked yourself as you do the research and groundwork on your granny flat project. Building a granny flat on your property is a big investment and there’s a lot to consider in the planning stage. If you’ve gotten this far, you’ve already realised that ranny flats are an increasingly popular way to create income via your property or provide a residence to friends or relatives. Despite the name, granny flats are no longer just for “grannies” – they can be rented to whomever you like or used for a home office or teenager’s retreat.
Granny flats are not inexpensive but could actually be less expensive than a large scale home renovation or extension. They also offer exceptional return on investment and can add more than their value to your home/property. As you research costs, we’ve developed a few tools & articles to make this process easier:
- Granny Flat ROI Calculator – input your initial costs and see your return on investment.
- Investor’s Handbook – some quick reading for the benefits for investors.
- Council Requirements – an overview of council requirements for building grannies.
Our two bedroom, 60m2 granny flats start from $99,000 (ex. GST). This is a competitive rate on the Central Coast and one that includes premium quality inclusions as standard, including stone benchtops in the kitchen, Harvey Norman appliances and a 2.6kW Rinnai air conditioner. We also offer a price beat guarantee on comparable quotes.
There are fees that council will charge you to build a granny flat and depending on the proposed construction site there may be some additional fees so feel free to contact one of our specialists today for a free quote and site inspection!
What is my ROI?
Depending on the location, your granny flat could receive between $350 – 450 weekly rent. Our clients are receiving on average $250 – $300 gross profit every week after repaying their interest only loan for the granny flat. What an unbelievable investment return! To work our your ROI, please use our ROI calculator.
At Acrow Investments, we love it when a plan comes together, so we’re thrilled to announce the success of one of our latest projects: a sun-filled granny flat in the suburb of Sunshine. How is that for an appropriate name? Even better is the broader setting of Lake Macquarie, one of NSW’s most promising lifestyle and real estate investment centres.
At Acrow Investments, we’re proud to unveil one of our latest projects: a super-modern granny flat in Blackwall, on the NSW Central Coast – all designed and executed with a contemporary flair. Located in close proximity to the gentle and photogenic Brisbane Water, this property already had a lot going for it. So, what better way to make a good thing better than expanding its potential with a stunning and new granny flat?
A duplex is essentially two homes built on the same block of land and which share a common central wall, also known as a dual occupancy. These homes can either share one land title and owner, or can be subdivided into separate titles so they can be owned and sold separately.