All Topics / Help Needed! / Should I buy one side of the duplex as investment?

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  • Profile photo of VPVP
    Member
    @vp
    Join Date: 2008
    Post Count: 8
    April 21, 2012 - 9:07 am

    Hello Forum Members

    I am looking at investing in a duplex property in Perth, however only half the duplex is on sale.

    I would like to know what are the pros and cons of the investment.

    The block is large (700 sqm) and sub divisible into two.

    Duplex is 2×1, no garage or carport, approx 80sqm living area, 20yrs old. In market for 320K.

    Suggestions and feedback welcome.

    Thank you very much.

    Regards
    V

    Profile photo of lbluedentolbluedento
    Participant
    @lbluedento
    Join Date: 2009
    Post Count: 98
    April 21, 2012 - 10:06 am

    I have contemplated this myself recently. Especially after I came across a duplex where the owners of one half had demolished and we’re rebuilding a separate residence.

    Profile photo of EM1010EM1010
    Participant
    @em1010
    Join Date: 2011
    Post Count: 5
    April 23, 2012 - 12:16 am

    Hi V,

    I came accross a duplex in Perth (Kewdale Area) last year…pretty cheap at $299K. As I did my DD, I realised that there may be restrctions on the property. Any development you may have to make depends on the agreement with the co-orners. The specific one in Kewdale could not be subdivided easily.

    I would suggest you enquire with the Council (not the Agent) about the conditions for sub-division, redevelopment etc. Different council may have different rules.

    Thanks
    Ely

    Profile photo of luke86luke86
    Participant
    @luke86
    Join Date: 2010
    Post Count: 470
    April 23, 2012 - 4:45 am

    If the propetry has been subdivided to build a duplex, then it is unlikely that you could buy one of the duplexes and subdivide it again. You need to double check with council and with a planner- it is no point buying one of the duplexes and hoping you can subdivide.

    Cheers,
    Luke

    Profile photo of parpdconsultantsparpdconsultants
    Member
    @parpdconsultants
    Join Date: 2012
    Post Count: 3
    April 25, 2012 - 5:29 am

    V – please note that to be able to subdivide the duplex into a Survey Strata, you need the other duplex consent. Both owners need to agree for the conversion.

    Cheers
    Peter

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