The Investor’s Guide To Granny Flats
Fancy adding an extra $10,000 to your bank account each year?
An Acrow Investment’s granny flat can provide an excellent return on investment in the area of 10 – 20%. Savvy investors will realise that there is the opportunity to earn big bucks in providing affordable housing in this market with granny flats. Acrow’s granny flats are being rented out often for above market value due to the superior quality of build, excellent design and premium inclusions as standard.
The Daily Telegraph’s most recent article on granny flats shows that there is continued interest in these developments, including the increased interest in dual occupancies, or rather a home with granny flat built in concurrence. The benefits of building both home and granny flat at the same time include a massive reduction in (e.g. a bricklayer’s labour and material costs for a single home will be less competitive than that of a larger dual occupancy project)
“A granny flat built with bricks, tiled roof, timber frames on a slab can cost about $80,000 when built at the same time as a main house.”
Even if you are adding a granny flat to an existing property, it is certainly worth the investment. A simple calculation to work out your your ROI on your positively geared property is as followed:
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.