Check out Paul’s Charlestown granny flat rental property – the latest money maker on his block of land!
If you’ve got backyard space to spare and money on your mind, then a granny flat rental property might just be your best bet yet!
As well as enjoying affordable construction fees, homeowners who decide to build and lease out their granny flat could rake in a return on investment as chunky as 10-20%. Throw in some depreciation entitlements and it’s no wonder aspiring landlords are quick to jump on this smart investment opportunity. It’s a win-win situation, too, with tenant’s accessing comfortable and contemporary accommodation for a reasonable price!
What’s not to like?
Well, that’s exactly what Charlestown local Paul Lynch thought. Equipped with its own bustling shopping centre just 15 minutes from the beach, Charlestown is a Newcastle neighbourhood with heaps of rental appeal – and Paul’s block of land sits right in the centre!
A school teacher with a knack for property investment, Paul was already earning some extra income by renting out his lot’s primary residence when he realised the backyard was sitting idle… Aiming to maximise ROI, he turned his attention to building a second rental property behind his first.
With the Backyard Grannys team by his side, it wasn’t long before Paul’s modern granny flat was ready for move in – only 14 weeks to be exact!
Maximising Paul’s return on investment with a game-changing granny flat rental
When it came to planning his perfect granny flat rental property, Paul chose a custom design carefully crafted to attract high-end tenants. With a dual skillion roof angled to capture golden hour rays and a raked patio surrounded by gorgeous landscaping (We’ve got Paul to thank for that one!), this home will tick all the boxes for anyone after a stylish outdoor entertainment area.
Next, step through the sliding aluminium glass doors and into a long open-plan living and dining space. Illuminated by LED downlights, high windows and vivid white walls, the granny flat’s modern interior lives up to its façade. And the kitchen doesn’t disappoint, either! With its grey gloss splash back tiles, matte laminate marble bench top and state-of-the-art appliances, this cooking corner is sure to keep any foodie happy.
Both boasting their own built-in mirrored sliding wardrobes, ash grey carpet and fan lights, the two spacious bedrooms are placed at opposite sides of the combined bathroom and laundry for maximum privacy. All things considered, we doubt Paul will have any trouble securing a tenant for this contemporary granny flat!
We cannot speak highly enough about our experience with the whole Backyard Grannys team. We wanted a company that we could trust to do what they promise and they certainly delivered. If we were ever in a position to build another granny flat, there is only one company that we would consider: Backyard Grannys. Thank you to the whole team for making what can be a complex process so enjoyable.
This Charlestown granny flat rental includes:
- James Hardie Hardieplank 230mm cladding in Basalt
- COLORBOND® roofing in Shale Grey
- Timber fascia in Surfmist
- Aluminium windows in Surfmist with fibreglass fly screens
- Hume Range frosted Newington XN5 in Surfmist
- Sliding aluminium glass doors
- 2,200L Round Water Tank
- Sandleford Hilltop Post Mounting letterbox in Black
- Daytek external fold down clothesline in Iron Grey
- Rear patio
- Downlights and fan lights
- Hunter Valley Roller Blinds in Vivid White
- Fully framed mirrored sliding door robes in both bedrooms
- Carpet in Ash Grey in both bedrooms
- Vinyl plank flooring in Raw Cotton in living, kitchen and dining areas
- Gloss White tiles up to 2100mm in shower
- Kitchen splash back tiles in United Grey Gloss
- Carrera marble kitchen benchtop with matte laminate finish
- Brushed nickel kitchen door handles
- CACC1 Artusi electric cooktop
- CAO6X Artusi 60cm built-in electric oven
- ASO600RX Artusi slideout rangehood
- Roma LT-35C laundry tub
- Midea 170L electric heat pump
Interested in building your own granny flat investment property?
After adding a contemporary Charlestown granny flat rental to his investment portfolio, Paul now enjoys a second source of income from his single block of land! Whether you want to get your first investment property off the ground or benefit from a bonus build in your existing rental’s backyard, granny flats are a convenient and cost-effective solution.
Ready to build in Newcastle, Lake Macquarie,Hunter Valley or the Central Coast? Get in touch with the trusted team at Backyard Grannys to learn more about our award-winning granny flat designs and constructions!