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Granny flat Campbelltown council

Discussion in 'Renovation & Home Improvement' started by menty, 20th Sep, 2016.

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  1. menty

    menty Well-Known Member

    Joined:
    30th Jun, 2015
    Posts:
    65
    Location:
    Sydney
    Hi guys, possibly looking to build my second granny flat after having done one 4 years ago.
    Does anyone know the S94 Fees for a granny flat in Campbelltown council?

    Figures look like itll be about 100-110K (everything done incl landscaping, concrete etc). Need to knock down an asbestos garage though
    Return of $350/week with depreciation benefits and rent increase.

    Valuation should add +100K ish to the place.
     
  2. TroySeven

    TroySeven Member

    Joined:
    26th Oct, 2016
    Posts:
    14
    Location:
    Sydney
    Also interested, recently purchased property In Campbelltown.
    What companies do you recommend speaking to for fixed priced quotations?
     
  3. Liela71

    Liela71 Active Member

    Joined:
    4th Oct, 2015
    Posts:
    26
    Location:
    Narellan
    I just built in Camden LGA and valuation only added $70k on one valuation and $80k on another.

    Significantly less than my $120k spend.

    Valuation was done last week.
     
  4. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,507
    Location:
    Sydney
    Before I built mine, my broker told me the GF wouldn't add much value. looks like he's right.
     
  5. Liela71

    Liela71 Active Member

    Joined:
    4th Oct, 2015
    Posts:
    26
    Location:
    Narellan
    Unfortunately there is a lack of similar housing stock available to do a fair valuation.
    I have a 3 bedroom house and a seperate 1 bedroom GF so the valuer compared it to 4 bedroom 2 bathroom homes in the area.
    I know at sale I will get about $80-$100k more but that doesn't help for a bank valuation.
    Brand new house/land and GF builds in the area are going for $200-$250k more than my valuation.