This site in Woolgoolga was occupied by a fibro cottage, which was past its use-by date and no longer fit for purpose. Our clients were looking for an affordable way to replace the cottage with a high-yielding investment. We looked at the options, and determined that a knockdown-rebuild strategy was the most appropriate for the site. The site is not large enough for a duplex, so we settled on a house with attached granny flat as the best strategy to maximise rental yield.
The new development includes a 4 bedroom home with two bathrooms, two car garage, separate laundry, and tiled alfresco. The master bedroom has a walk-in robe, and the kitchen is fully featured, with quality appliances, dishwasher, double bowl sink, and ample bench space.
The granny flat has two bedrooms, bathroom with Euro-style cupboard laundry, carport, and alfresco. While it is technically a granny flat, it is spacious. The bedrooms have built-in robes, while the kitchen is full size with a 60cm oven, four burner cooktop, dishwasher, and stylish stone benchtops with a waterfall end.
Despite containing two separate dwellings, this building appears from the street as one family home, which blends in with the low density residential neighbourhood. Each dwelling has a yard with water tank, and the solar panels help the tenants keep their electricity bills low.
Returning a gross yield well above 6%, this project is a winner in every sense!
If you are looking for your next property investment, give us a call. We’ve got solutions for just about every need!
The team at Balance provides expert assistance at every stage of the residential construction process, from initial feasibility analyses to final touch-ups. Our in-house design team has produced a portfolio of exceptional new home designs, and we also offer custom design services using state-of-the-art design software (including 3D renderings you can view on your smartphone or VR glasses!).
We have solutions for steep sites, beachfront lots, and unusually-shaped blocks. We take care of Council paperwork and approvals, and provide professional interior design advice to ensure your home is stylish and practical.
Seeking a construction partner for your next investment project? Balance are the Coffs Coast experts in townhouse and boutique developments, with multiple successful projects delivered over recent years, producing excellent returns for our clients.
We offer a unique service to investors, with our ability to handle every stage of your development, from early concept plans through to completion. We provide excellent value, and can even put you in touch with quality local real estate agents to help sell or rent your new development.
We also offer turnkey development solutions so investors can start earning a return sooner with less hassle.
Unfortunately, the big builders have convinced new home buyers that the only way to afford a new home is to settle for one of their standard plans or pre-arranged house and land packages. But why settle for a home designed for someone else?
A home designed to meet your specific needs may be much more affordable than you realise! At Balance, our pricing is transparent and we’ll happily tailor our designs to meet your budget and the family’s needs.
You’ve got nothing to lose – visit our display home, or give us a call today on 1300 056 298 to arrange a free consultation.