Is anyone out there with subdivision experience in the Knox area (VIC)? I would very much appreciate some advice regarding the potentials and rough estimate of costs for this little gem, backing onto a reserve…
You need to get a copy of your council’s LEP. This document will tell you what is permitted by the zoning of your block.
Alternatively call the duty planner and run it past him – they are very helpful in my experience.
Regards,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Thanks a lot….I will do that but what LEP stands for?
Here in NSW it is the Local Environment Plan and it specifies the land uses etc.
It may well have a different name in Victoria.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Thanks Simon….I have found out more today about this property. It has potential for up to 8 unit sites (350 m2)….got an estimate of costs too. It works out about $60,000 per unit site and as a bonus you get the 3 brm house….sounds fair to me…unfortunately I am not in the position to buy it so if anyone interested please email me. It’s in a very good area.
Vicgirl,
For your future reference you can look up the zoning and overlays affecting individual properties and also view all local planning schemes at the following site.
http://www.dse.vic.gov.au/planningschemes/
Regards
AlistairThanks Alistair….great advice!
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