• Sean Wilson

Granny Flat Case Study Logan


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 

$305,631

Land, Reno & Building Costs for this project totalled 

$468,776

Bank Valuation

$510k

At 80% bank will loan $408k, outlay $60k personally

Expenses (rates, interest only loan 4.5%, agent fees)

$24,282 p.a

Rental Return of 

$34,840 p.a

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.

All-Inclusive Cost of Granny Flat $150k

Rental Income $330 p.w



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