Learn how Peter & Vicki are boosting their retirement fund with a granny flat investment property!
New-found retirees Peter and Vicki have just sold their forklift hire business, trading work life for East Coast road trips every two weeks in their new caravan! But with all the boating, water skiing and camping adventures to be had, this clever duo wanted a cost-effective and convenient way to earn some passive income on the side.
And what better solution than to build a granny flat rental property in the backyard?
A win-win situation for landlords and tenants, granny flats offer comfortable yet affordable accommodation to renters, as well as cost-effective construction, depreciation entitlements and up to 20% return on investment to homeowners! So it’s no surprise Peter and Vicki decided to purchase their first ever investment property in Cessnock, beginning the granny flat approval process on day one.
While we’ve built heaps of granny flats in the Cessnock area, this was Comfort Avenue’s first! And technically Elisabeth street’s, too – after consulting with council and applying for a separate address, Vicki and Peter’s granny flat now enjoys its very own number on the rear access street it backs onto.
Building a post-retirement rental venture on Comfort Avenue
Won over by a clever layout that maximises its 60m2 space, Peter and Vicki decided to go with our modern Allambie design for their new granny flat.
Expertly designed to balance utility with style, the spacious open-plan interior is just as beautiful as it is practical. With its Stone splash back tiles, Artusi slideout rangehood and top-of-the-line dishwasher, its contemporary kitchen is made for cooking up a feast – all just steps away from a living and dining space ideal for entertaining! Kept comfortable all year round by its insulated walls and air conditioning system, the home also includes two bedrooms complete with built-in sliding wardrobes, soft berber grid carpet and handy fan lights.
Peter and Vicki’s granny flat is the perfect blend of comfort and convenience – a winning formula that doesn’t stop when you step outside. With a 7.5m entry patio, Newport cladding and external sensor lights, this charming home remains just as functional and sophisticated! To top it off, Peter completed a concrete driveway, lay garden beds, trimmed back trees and installed a front fence for ultimate aesthetic appeal.
All of this, completed in just 13 weeks!
This Cessnock granny flat rental includes:
- PrimeLine Newport cladding in Grey Pebble
- COLORBOND® roofing in Shale Grey
- Timber fascia in Surfmist
- Sliding aluminium glass doors in Pearl White
- 3,000L Enviro Slim Line Water Tank
- Sandleford Hilltop Post Mounting letterbox in Black
- Daytek external fold down clothesline in White Mist
- Concrete patio
- LED fan lights
- Vertical Blinds in Light Grey
- Built-in sliding door wardrobes with one mirrored panel and one white panel
- Shelving and drawer inserts in bedrooms
- Berber Grid carpet in Ash Grey in bedrooms
- Raw Cotton vinyl plank flooring in living, dining and kitchen areas
- Space White tiles up to 2100mm in shower
- Kitchen splash back tiles in Polytec Argento Stone
- Matte laminate kitchen benchtop
- ASO600RX Artusi slideout rangehood
- Roma LT-35C laundry tub
- Midea 170L electric heat pump
Ready to fuel your retirement lifestyle with some extra earnings?
With Peter and Vicki’s granny flat rental raking them in a steady flow of passive income, it’s safe to say this retirement is off to a flying start! Whether you’re planning ahead for your post-employment lifestyle or a settled retiree looking for a lucrative venture, a granny flat investment property will boost your savings from the backyard.
Want to learn more about building a granny flat in Hunter Valley , Newcastle, Lake Macquarie, or the Central Coast? Get in touch with Backyard Grannys today for more information on our award-winning designs and construction process!