Learn how this Central Coast investor created a second source of rental income on a single site!
If you’ve read any of our other articles, you’re probably already aware of the extra income you could rake in with a granny flat investment property!
With cost-effective construction, depreciation entitlements and return on investment as high as 10-20% , a granny flat is a smart investment opportunity for aspiring landlords. Not to mention that from a tenant’s point of view, this comfortable yet affordable accommodation ticks all the boxes!
Speaking of strong rental appeal and returns, we’ve built our fair share of granny flats in Killarney Vale. A tranquil lakeside town halfway between the city lights of Sydney and Newcastle, this Central Coast suburb is a popular choice for property investors and renters alike!
Take Tony, for example. Having lived and invested in property on the Central Coast for quite some time, he found the perfect corner block to add to his portfolio. On a mission to maximise his ROI from this single plot of land at 9 Hume Blvd., Tony began to rent out the main house and put together plans for a second, separate rental property in the backyard. All he needed were the experts to make it happen!
And if we do say so ourselves, he came to the right place.
Two is better than one: building a granny flat rental in the backyard
Tony chose our contemporary Alba design as the starting point for his two-bedroom Killarney Vale granny flat. But with a separate investment property on the same plot, he wanted to make sure this one stood out as truly unique. After careful styling choices and customisations to differentiate its aesthetics from that of the front house, the home was ready for renters in just 15 weeks!
With a dual skillion roof and raised timber decking sheltered by a raked patio ceiling, we created an attractive and functional front façade – no matter the weather, Tony’s tenants can kick back and watch the world go by from the comfort of their porch!
And the modern features continue inside. Its open-plan living and kitchen area allows tenants to join in on the entertainment – even when they’re cooking up a storm against the pristine splashback tiles and prepping snacks on the gloss laminate benchtops! Leading off this main living space is the generously-sized bathroom and laundry. Additionally, you’ll find two large bedrooms with built-in wardrobes and plush berber grid carpet that keep tenants cosy throughout winter.
Complete with the latest electric appliances, ample storage and split system air conditioning, this granny flat rental property has been designed for ultimate convenience and comfort.
Key features used for this Killarney Vale granny flat include:
- James Hardie Hardieplank lightweight cladding in Shale Grey
- COLORBOND® roofing in Windspray
- Timber fascia in Deep Ocean
- Stained treated pine timber decking
- Aluminium windows in Pearl White with fibreglass flyscreens
- Daytek external fold down clothesline in Iron Grey
- LED downlights throughout the home
- Sliding door robes with one silver mirrored panel and one white framed panel in both bedrooms
- Hunter Valley roller blind in White and verticals in Taupe
- Linen cupboard and broom cupboard
- Gloss Laminate kitchen benchtop in Grigio Grafite Diamond Gloss
- ASO600RX Artusi slide out rangehood
- CAO6X Artusi built-in electric oven
- CACC1 Artusi electric cooktop
- Midea 170L electric heat pump
- Split system air conditioning
Make the most of your backyard with a granny flat rental property
Thanks to his Killarney Vale granny flat, Tony is earning rental income from two homes on a single site. A smart move for anyone looking to invest in property for the first time or build their portfolio without having to purchase another plot, granny flat rentals are affordable, quick and convenient to get off the ground.
So if you’d like to learn more about building a granny flat on the Central Coast, chat with the team at Backyard Grannys today!