20% Return on an Initial Investment of $60k
A new development at 19 Yorkshire Crescent, Mount Warren Park.
Renovation of the existing dwelling & a new Construction of a Granny Flat in the backyard.
$200/week Positively Geared
Original House & Land including all fees
Land, Reno & Building Costs for this project totalled
At 80% bank will loan
$408k, outlay $60k personally
Expenses (rates, interest only loan 4.5%, agent fees)
Rental Return of
RENOVATIONS TO EXISTING HOUSE
New carport and driveway added in front of the existing house
Kitchen Renovations: Installed new range hood and overhead cupboards
Fresh coat of paint on all walls and woodwork - exterior & interior
New floor coverings to living areas and bedrooms
Cost of Renovation $13k
- Rental income $340 p.w -
NEW GRANNY FLAT
70m2 Granny Flat with 2 bedrooms, bathroom and large deck with outdoor living/dining
Extras: 5.5kW air conditioning, concrete driveway, security screens, blinds, single carport, larger deck, letterbox, clothesline, separate water meter, separate power & phone point with data conduit.
- Rental income $330 p.w -
all-inclusive Cost of
granny flat $150k
Check out our Specifications Document for more information.
TO FIND OUT MORE ABOUT THIS INVESTMENT PROJECT