sub divide

Viewing 6 posts - 1 through 6 (of 6 total)

pert
Participant
@pert
Join Date: 2003
Post Count: 15
February 21, 2005 - 5:46 am
I’m currently looking at a double street frontage block approx 580m2. It has an old house on at the momment.Asking price is $329,000. Other blocks a stones throw away are fetching approx $310,000 to $340,000 in highly sought after seaside town,other blocks cannot be subdivided.
I’m looking to demolish existing house and build at least two units on site. I’m prepared too invest $250,000 of my own money. Do you think this situation is plausible and has anyone got any constructive comments?
woodsman
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@woodsman
Join Date: 2004
Post Count: 714
February 21, 2005 - 7:51 am
First look at the local council’s website in planning & development sections. I have seen most metro councils wanting at least 300sqm per dwelling.
streetwise
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@streetwise
Join Date: 2005
Post Count: 5
February 21, 2005 - 9:00 am
agree with Woodsman, in WA governed by strict residential coding and subdividing 560m2 would be difficult…
MichaelYardney
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@michaelyardney
Join Date: 2001
Post Count: 616
February 21, 2005 - 12:26 pm
I agree with the previous posts, but corner sites are more efficient as both properties can have street frontages and you may not need to waste space on a driveway down the side of the block to get to the second unit.
First port of call (being a sea side block) is the townplanning department of the local council. They will give you an idea of what is possible.
Then see a local architect who should understand the local planning regulations well
Michael Yardney
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blueboys
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@blueboys
Join Date: 2005
Post Count: 9
February 21, 2005 - 12:54 pm
pert.
sounds great if a sub div is poss. i agree check with council. points of discharge for storm water can create problems depending on angle of block, council can help you with this.
[bonjour]
g. granland
Smithy29
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@smithy29
Join Date: 2004
Post Count: 6
March 19, 2005 - 1:39 pm
Why don’t you just subdivide the land and sell it to a developer or someone who wants to build. There are too mant problems dealing with builders. If the other blocks around it can not subdivided and it is a great location you get fetch a great price for each subdivision. You could then use your 250,000 as deposits on on many other properties like this without the stress and headaches of building