SITNB Mastermind Students, Fiona and Darin, had been preparing to convert their 4 bedroom family home into micro-apartments to uplift their cash flow, when COVID-19 hit.
With careful configuration, a TV room becomes the bedroom in one of the 5
And enclosed patio becomes a communal entertaining space and laundry.
A large master bedroom becomes a self-contained suite with plenty of natural light
and an adjacent kitchen and bathroom.
SCROLL DOWN FOR FULL BUDGET BREAKDOWN!
This dated granny flat is now a chic and modern self-contained micro-apartment
PURCHASE PRICE: $435,000(2011)
RENOVATION COST: $32,622
RENTAL RETURN WEEKLY
$500 per week
$1,210 per week
$710 per week uplift
$26,000 per year (Gross)
$62,920 per year (Gross)
$36,920 per year uplift
A light and bright private kitchen and living space from one of the 5 micro-apartments in this affordable housing conversion.
An example of how a laundry cleverly converts into a bathroom/kitchenette
with the addition of a shower stall where the appliances once stood.
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Clean and bright styling makes these micro-apartments highly desirable...
like boutique hotel suites!
An example of one of the private kitchenettes.
A living room adjacent to the kitchenette with views to the garden.
A studio-style master suite with attached kitchen and living space.