Newcastle granny flat achieves 15% yield
We were thrilled to hear that one of our Newcastle granny flats at Gateshead is currently achieving 15 per cent yields from their rent.
It is a 2-bedroom design, with a really generous open plan layout as well as a 12sqm alfresco area connected to the living area.
The total cost for the design and construction contract was $119,000 and it is now renting for $355 resulting in that 15 per cent yield. Yet another demonstration of the great property investment opportunity available to people who build a granny flat!
If you would like to know more about property investment through granny flat construction we’d love to hear from you.