Property Bloom™ now offers an affordable development option for those looking to create a positive cashflow result. Gross yields around 8% can be created by locating the right property, upgrading the existing house using our special renovation techniques designed to add value, then building a two bedroom granny flat on the land.
*****STOP PRESS****** Jo's latest interview on granny flats is below:
This is what we do:
Search for property on large blocks of land that meet the criteria of NSW Affordable Rental Housing SEPP – State Environmental Plan Policy.
Research and analyse the site to ensure it meets all our needs for a strong development site. Findings are presented to our client.
Design; our two bedroom, freestanding villa design utilizes the maximum floor space allowance to ensure the highest rental return with a negotiated a builder’s discount which is passed directly onto our client.
Negotiate. Once the client has finance pre-approval, we negotiate the terms and purchase of the property.
Organise. We organize the necessary Pest & Building reports and surveys, again at a discount price for clients.
Renovate. We move quickly to obtain renovation quotes and book in our trades, who also offer special pricing for Property Bloom™ clients.
Planning Process. We manage the planning process and can have a CD Consent within 20 days.
Manage and oversee the building phase and on completion recommend a good local agent to manage your properties. We have a discount structure in place with our managing agents.
Report. All the hard work is professionally managed and reported to clients in a detailed weekly written report with photos of the progress.