Mortgage Offset In Style – Canton Beach Granny Flat by Acrow Investments
The latest in a long line of our granny flat success stories saw a lucrative gem of a property built for some great clients in Canton Beach. This modern, stylish granny flat will definitely go a long way to helping our clients achieve their goal of offsetting their mortgage – and do it quickly.
Located in picturesque Canton Beach – an established lifestyle suburb adjacent to the more well-known Toukley – the value in our client’s existing property was certainly not found wanting. Yet now, with the addition of the granny flat, it has been bolstered even more.
Keen to hear about this latest project? Here’s an overview.
- Project description: Boosting existing investment property income through the addition of a Canton Beach granny flat.
- Result: A stylish granny flat that’s successfully offsetting existing mortgage repayments.
- Project cost: $122,000.00 including CDC approval and construction fees.
- Build duration: 14 weeks.
- Return on investment: Canton Beach sees an average rental return of $370 per week. This means our clients will soon be able to offset their mortgage repayments entirely.
Located on the Central Coast of New South Wales, Australia, Canton Beach is popular with retirees and established families. Sharing a boundary with Toukley – a popular residential and holiday town – makes it a particularly lucrative rental area that’s still got that laidback beachside vibe.
Not to say it doesn’t have its own attractions!
Situated directly on the foreshore of the Tuggerah Lake, Canton Beach makes for a tranquil holiday spot or, alternatively, a particularly picturesque home. Only a hop-skip-and-a-jump from town, it’s well within reach of numerous cafes, shops, and restaurants, keeping its residents content and its visitors entertained. The open Pacific Ocean is just over the ridge to the east.
All this combined makes it an ideal area for those with a mind for property investment or, indeed, investment improvement.
The brief for this project was clear cut: help the clients maximise their returns from their existing investment property. Given the nature of the area and the promise of the existing property, we knew we’d be able to make their dream a reality.
The two-bedroom granny flat we built features vinyl flooring and a spacious, open-plan living and kitchen area. Combined with reverse-cycle split-system air-conditioning, stone benchtops, and lots of storage. Simply, the new dwelling boasts a modern feel that’s sure to impress any prospective tenant as well as the practicality to handle the prospect of sandy feet coming and going.
The project itself cost $122,000.00 including CDC approval and construction fees. Other flats in the area see a return of up to $370 per week in rent. With numbers like that our clients are expected to offset their mortgage repayments easily.
Partnering with Acrow Investments
Specialising in the construction of granny flats, duplexes and dual occupancies in the Central Coast, Newcastle and Hunter Valley regions of NSW, Acrow Investments is proudly a family-run business with deep local roots. We make it our business to help you build your dreams.
Looking to build a granny flat of your own? Get in touch today for tailored, site-specific advice and a free quote.
Granny flats offer endless possibilities to generate income from your existing property: whether as a short or long term rental which will generate a reliable and fixed income, building a granny flat is a great way to maximise the income from your property.
At Acrow Investments, we’re a team that takes pride in helping to make our client’s dreams real … through steel, paint, brick and timber! This is why we consider our latest project – a modern granny flat in Birmingham Gardens NSW – such a success. Located in this up-and-coming Newcastle fringe suburb, our client’s existing investment property already had a lot of notable features. And now it has one more: a stunning granny flat that’s already supercharging their return on investment.
Granny flats have become a popular addition to homes around NSW, providing not only family accommodation but also an investment asset. For new home builds, the attached granny flat is the ideal choice as it reduces construction costs in comparison to building two separate homes.