Forum Replies Created
Interesting…
I recently made an offer on a house where the asking price had a + against it. My initial offer was below the asking price. It was rejected, which I can understand, but I thought it was worth a try. I then offered above the asking price. It was also rejected. The agent came back to me with a sale price that was $15k above asking price and said that this was the minimum that the vendor was willing to accept. So why bother advertising at a lower price than what the vendor wants? The funny thing was that the estate agent then changed the advertised asking price to ‘offers above’ the price that I had offered. I didn’t pursue the deal and 3 months later the property is still on the market.Maybe the first question is to ask yourself whether you could live with a new neighbour on what was once your land. Consider what might be built there, will it block your views or affect sunlight on your property.
Double check that you really do have enough land to subdivide. If it’s to become a battle-axe block, then sometimes the minimum lot size requirement is actually larger and the lot size may, or may not, take into account the ‘access handle’ (driveway).
Chris
2C zoning permits higher density residential flat buildings. Check the Council’s Local Environment Plan. This will tell you what is permitted and what is prohibited within this zone. There will almost certainly be a Development Control Plan which will be more specific about the type of development permitted and detail such things as setbacks, building heights, materials, number of required car parking spaces etc.
If there are buildings on the land, you will very likely require an approved development application before the structures can be demolished.
While you’re at the council, ask for an explanation of their Contributions Plan (e.g. roads, open space etc.) and Developer Servicing Plan (water & sewer). These documents set out the contributions that are payable to council in relation to development.
Chris
