Granny Flats

Granny Flats – The Golden Nest Egg

With NSW’s population steadily increasing and residential space becoming increasingly scarce, the popularity of Granny Flats has boomed in recent years. Councils are actively encouraging this trend, as it helps them manage the growing population density. Most NSW Councils are so supportive, that approvals for Granny Flat developments can be obtained much quicker than for other building projects.

So what exactly is a Granny Flat? The NSW government defines a granny flat as ‘a self-contained extension of a home that is within, attached or separate from the home but on the same lot of land, and not in a strata plan or community title scheme’.

Providing you have at least 450m2 of residential property, and subject to council approval, you are likely to be eligible to build a Granny Flat.

Whether you want a residence for an ageing parent to safely enjoy their retirement, a place for a teenage son or daughter to live semi-independently, or a means of generating a supplementary rental income, a Granny Flat is a clever solution.

Building a Granny Flat onto your existing property can give you a very tidy return on investment – in most city suburbs two-bedroom granny flats can achieve a similar weekly rent to two-bedroom units.  In these challenging economic times, building and renting out a Granny Flat as an extra income stream is a smart option that can lead to greater financial freedom.

Granny Flats – The Golden Nest Egg

With NSW’s population steadily increasing and residential space becoming increasingly scarce, the popularity of Granny Flat building has boomed in recent years. Councils are actively encouraging this trend, as it helps them manage the growing population density.

Most NSW Councils are so supportive, that approvals for Granny Flat developments can be obtained much quicker than for other building projects. (which is good news for investors)

What are Granny Flats?

So what exactly is a Granny Flat? The NSW government defines a granny flat as ‘a self-contained extension of a home that is within, attached or separate from the home but on the same lot of land, and not in a strata plan or community title scheme’.

Providing you have at least 450m2 of residential property, and subject to council approval, you are likely to be eligible to build a Granny Flat.

Whether you want a residence for an ageing parent to safely enjoy their retirement, a place for a teenage son or daughter to live semi-independently, or a means of generating a supplementary rental income, a Granny Flat is a clever solution.

Return on investment

Choosing us as your Granny Flat builders can give you a very tidy return on investment – in most city suburbs two-bedroom granny flats can achieve a similar weekly rent to two-bedroom units.  

In these challenging economic times, building and renting out a Granny Flat as an extra income stream is a smart option that can lead to greater financial freedom. At our core we  aim to build the granny flats Central Coast investors and property owners alike can count on for the future.

Quality

A word of caution. Although Granny flats can be perceived perceived as quick builds, low quality jobs can significantly erode the quality of your investment. 

At Allen Constructions, the expert granny flat builders in the Central Coast, we pride ourselves on a high quality finish, no matter the size of your build. We have a proven, streamlined process to take you from design to finished product.

Whether you’re a seasoned investor, long-time home owner or just starting out, we can help you navigate through the process of designing and building your granny flat.

Call Allen Constructions today on (02) 4329 5165 to discuss your options for a granny flat on  your Central Coast property.