Granny Flat in Redfern

[Shahin_Afarin]

Came across this GF in Redfern that is being used as short term accommodation. I have seen a lot of GF's but this is a definite standout for me.

The yield on it would also be very strong assuming tight tenancy rates.

http://www.stayz.com.au/131006

Regards

Shahin

 

[neK]

I read on SMH it cost $250k to build or something because there was a garage built at the same time and it was built above the garage?

 

[Shahin_Afarin]

Yep that cost $250k which is insane - I built a 4 x 2 house for that price. Then again there could have been significant site or excavation costs but gosh $250k is a lot.

Regards

Shahin

 

[DaveM]

Reminds me of Depreciators room he rents out