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  • Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    November 17, 2017 - 2:24 pm

    Hi David,
    Firstly see if it’s possible to keep the existing duplex and build another duplex behind. This strategy will be highly dependant on the site dimensions and Council LEP however (Hard for me to know without a survey and researching the LEP).
    The beauty of retaining the existing duplex (if possible) is that you retain a lot of value (2units) and reduce a lot of cost (demo, build cost for 2 extra units, civil works and Council contribution). Then Just Reno the existing duplex.
    Another note on Subdivision; you shouldn’t have to subdivide into 4 lots, just Strata title it.
    Any way, all these points are only to make you realise hat you MUST see a Town Planner/ Surveyor or Architect rather than Council. They are paid to give you ideas and can give you ideas and strategies that Council won’t.
    If you do go for the demo option ensure you do a solid feaso with real numbers (quotes etc) and add in some contingency.
    A final note: finance will be more difficult with 4 units; don’t underestimate this!
    Cheers,
    Gary

    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    November 17, 2017 - 8:51 am

    Hello David,
    My first thought in looking at the drawing provided would be the potential for a battleaxe.
    There are a whole host of requirements set out in the Councils LEP (Local Environment Plan) that would either allow this or not.

    I would have a quick look at the LEP first to get familiar with Councils requirements, in particular:
    1. Zoning
    2. Min lot size and any exemptions
    3. Frontage and handle width

    I suggest the next step would be to ascertain the dimensions of the block. If there is a contour survey available this would help, alternatively you could physically measure it or use an online mapping tool.

    You would then need to speak with a local Surveyor/Town planner. They will know the LEP and DCP very well and be able to advise on whether compliant development is possible and, alternatively if non-compliant development can be negotiated with this Council. They can take you most of the way until you need a builder.
    The most important thing however is to crunch the numbers to ensure the deal is feasible.
    Hope this helps.
    Cheers,
    Gary

    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    June 22, 2014 - 11:39 am

    Hi my copy has now been sold

    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    June 22, 2014 - 11:38 am

    Hi my copy has now been sold

    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    June 22, 2014 - 11:38 am

    Hi my copy has now been sold

    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    June 22, 2014 - 11:35 am

    Hi my copy has now been sold

    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    June 15, 2014 - 9:10 pm

    Hi I have one available. Im happy to sell for half price $695 if your interested. I’m located in the eastern suburbs of Sydney. Thanks, Gary. 0413657018

    • This reply was modified 10 years, 5 months ago by Profile photo of Gary Gary.
    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    June 15, 2014 - 9:08 pm

    Hi I have one available. Im happy to sell for half price $695 if your interested. I’m located in the eastern suburbs of Sydney. Thanks, Gary. 0413657018

    • This reply was modified 10 years, 5 months ago by Profile photo of Gary Gary.
    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    June 15, 2014 - 9:06 pm

    Hi all I have another one of these available if you are interested. Happy to sell at half price also. I’m in the eastern suburbs of Sydney as well. Thanks
    Gary

    • This reply was modified 10 years, 5 months ago by Profile photo of Gary Gary.
    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    June 15, 2014 - 8:59 pm

    Hi, I have a copy of Dean and Elise Parkers complete Reno system. I’ll sell it for half price $695 if you still want it. 0413657018

    • This reply was modified 10 years, 5 months ago by Profile photo of Gary Gary.
    • This reply was modified 10 years, 5 months ago by Profile photo of Gary Gary.
    Profile photo of GaryGary
    Participant
    @iamgary
    Join Date: 2009
    Post Count: 11
    December 20, 2012 - 3:20 am

    My first two goals are in the knowledge phase of my investing and they include:

    1) complete property apprentice training

    2) complete income accelerator training

    My second two goals are related but practical which include:

    1) buy my first property toward the end of the year

    2) start two small online businesses to  accelerate my income

    These goals may be a little ambitious but we will see.

Viewing 11 posts - 1 through 11 (of 11 total)