Potential income of around $780pw can be achieved on this property once a granny flat is built. This is around a 7.5% return.
Subject to council approval there is ample space on the side of this house to build a 1 or 2 bedroom granny flat.
With this type of investment the rent will more than help pay off the loan needed to buy & build. First home buyers can also benefit by living in the house and renting out the granny flat for up to 350pw. Enquire now and we will arrange a private inspection for you.