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The people who own the land behind us are a club who own a large parcel of land and nobody we know signed to any agreements for the subdivision. Its been approved by WAPC which we couldn't believe as some of the land wasn't theirs. It was submitted a few years before we brought the land but I can't see them developing the land now as there would be no buyers for the new estate. They do have plans for sewer connection behind us but we could be waiting forever for it to occur.
Thanks for the info Tas,
Pump out of the tanks is not an option as the first tank has sunk into the ground a bit so the system won't work.
The wife has just thought of a great idea…
The property is on an acre and has a very large shed at the rear plus a 5 car carport and a lockable two room building that has three phase power. She suggested we rent out the land and sheds, this area has its own shower and toilet that has a working septic so a business could use it easily..
If we had to keep the property and did that then it would generate an income and down the track we could connect the sewer. Would this then become a claimable deduction?The nearest sewer connection is 57 meters away and the council will not pay one cent to bring it into our street. They do insist on connecting it up to their existing connection and then let me pay them for the privilidge. I asked them if I have any comeback if anyone else in the street then connects but they said no.
The 30,000 is a rough costing so far it could be more or less depending if they hit rock on the way. It didnt include decommisioning the old septic either.
The council want the old tank decommisioned completely.
The council did however just recently approve the block next door to get a bio septic but the cost is roughly the same and then the block couldnt be subdivided.
If we had to keep the property we would try to subdivide again although this will also be costly without a guarantee of success. Have previously been knocked back as the owners of the land behind us have an approved subdivision plan that somehow includes our land and we have to conform to that plan to get permission to subdivide.Have been told that the market is very down and even spending the money to add the sewer won't add anything to a possible sale cost.
We really dont want to sell the ppr as its where we intend to stay for at least 10 years or more.
The vacant property is 700klms away from us know so thats why its harder to decide what to do there.. We lived in the vacant property for 5 years but the septic has packed it in and needs replacement, and because we recently added the en-suite the building permit stated we must connect to mains sewer. If we did put the sewer on and rented it would earn us about 400-450 per week but how do we maintain it from so far away? The house is 100 years old so maintainence is an issue.
I can see the point of the rent to buy option but don't think we are in that state yet. The interest only mortgage still has another 16 months to run before it reverts back to P & I.
With having only a single mortgage how do we work out what percentage of interest is claimable is we rent the vacant property??
Is this even possible??
Thanks for the replys
Handy do you mean that as soon as we advertise it for rent we should be able to claim to connect to the main sewer??
