All Topics / Value Adding / Town house/units building costs

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  • Profile photo of awinnerawinner
    Participant
    @awinner
    Join Date: 2005
    Post Count: 8

    Ive found a property that has 4 one bedder units, the unit consturction is fibro and old. Im thinking of developing the block by demolishing and putting either some town houses or even a new block of four or six units.

    I cant seem to find a guide to how much this would cost anywhere. Anybody have any idea of ball park figures?

    Profile photo of kattankattan
    Member
    @kattan
    Join Date: 2003
    Post Count: 31

    lets see some more details on the proposed development[atleast how many squares or SqM]

    Profile photo of awinnerawinner
    Participant
    @awinner
    Join Date: 2005
    Post Count: 8

    Well iv actually got 2 sites, both 600 sq metres. One is zoned medium density ant the other high density.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024

    It obviously all depends on the standard of the fitting you are including but rule of thumb would be around $1400 / Sq M.

    Richard Taylor
    Residential & Commercial Finance Broker
    **Lodoc Commercial loans from 7.19%**
    Licensed Financial Planner
    http://www.yourstatefinance.com
    [email protected]
    Ph: 07-3720 1888

    Richard Taylor | Australia's leading private lender

    Profile photo of awinnerawinner
    Participant
    @awinner
    Join Date: 2005
    Post Count: 8

    Thats great , just the sort of info i was after. Thanks.

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