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Diesels Loft - Cromer
Nestled above a 2 car garage in rear of a home built in 2012 is a 27m2 Loft. This loft was setup in 2014 and has performed for 10 years bringing in Short Stay rental income of between $20,000 to $25,000 per year. The setup costs represented approximately $20,000. The Loft and Garage was built for approximately $125,000 back in 2012. The outcome of 10 years of rental returns is that 27m2 of space, essentailly one room has returned in passive income of over $200,000. It current has guests paying $500 per week and is managed by the owner to net best returns.
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