Doubled potential: new-build house and granny flat combo in Umina Beach, Central Coast
Coastal dream: Umina Beach house plus granny flat by Acrow Investments
We were thrilled to help our clients wipe the slate clean to go from an outdated beach house to a one-two property package that is a fantastic revenue stream. Located on The Peninsula, Umina Beach – a warm, convenient and friendly slice of the Central Coast – this property is all about location, location, location.
With the option to knock down and rebuild, we had a blank canvas on which to build a coastal dream home – with a granny flat as an added bonus. The potential is ripe for the project to pay for itself in years to come.
Here is the project overview.
Project description: A home-plus-granny-flat combination to be constructed after the demolition of the original outdated premises.
Result: A brand-new modern family home and granny flat.
Project cost: $444,000 in total, including: construction of both new buildings and overall CDC approval.
Build duration: 34 weeks.
Return on investment: The owners could receive rental returns in the vicinity of $900 to $1000 combined for the two dwellings.
Attractive to families and retired couples for both holidaying and coastal living, Umina Beach is a quiet and friendly Central Coast settlement with around 17,000 residents calling it home.
Umina Beach is situated at the mouth of the Hawkesbury River with a calm, picturesque sandy beach making it safe and calm for young families.
Right between Sydney and Newcastle with great public transport connections, Umina Beach is easily accessible and is well appointed with schools, shopping centres and other amenities.
Boasting two stunning light-filled domiciles, this project is ready to welcome a large multi-generational family or two separate tenancies.
Walking through the main residence, you’ll find a home theatre room, open-plan living area and two generous bedrooms. The master bedroom features a walk-in robe and ensuite while the generous main bathroom makes a statement with a freestanding bathtub. The home is finished with premium vinyl flooring and stone benchtops for durability and a touch of luxury.
These qualities continue throughout the granny flat with large chef-quality appliances, our Acrow Investments signature finishes and a well-designed floorplan.
At a total of $444,000, including all approval fees, this entire project costs similar to a single-home build. Yet, the owners have the earning potential of two dwellings instead of one.
With the potential to quickly offset any mortgage repayments through rental income; combined, these two dwellings could return up to $1000 per week. Impressive.
Choosing Acrow Investments
We take pride in creating dream homes and profitable return-on-investment premises. We’ve helped so many property owners throughout the Central Coast, Newcastle, Lake Macquarie and Hunter Valley regions and we want to help so many more. Talk to us today for site-specific advice and a free quote.
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