We have a house in ipswich on a 1027m2 block, we can't subdivide it but we can do dual occupancy, we were looking at doing this and spending around $130,000-$150,000 to build a 3 bedroom home at the back, just wondering if anyone has any experience in this and if it is a straight forward process to strata these two homes. and how much this process generally costs?, and will this bring our property value down?
Tupuraki wrote:We have a house in ipswich on a 1027m2 block, we can't subdivide it but we can do dual occupancy, we were looking at doing this and spending around $130,000-$150,000 to build a 3 bedroom home at the back, just wondering if anyone has any experience in this and if it is a straight forward process to strata these two homes. and how much this process generally costs?, and will this bring our property value down?
Tupuraki,
Ipwich Council are a funny lot, ….. they have no problems allowing 250m2 – 300m2 smart blocks in new developments, but they don't seem to want to allow sub-divisions in older housing estates. We had the same problem with one of our IP's in Redbank Plains (800m2 corner block) ….. not allowed to do sub-division, but dual occupancy okay. They told our Town Planning Consultant that handled the application for us that if we had 900m2 it would have been possible, so I'm not sure what they object to with yours.
We have just had approval on the dual occupancy option …. we figure if we want to sell one of the houses in the future we could set up a strata scheme.
Anyway, …. like you we are looking to build in 2009/10, and now that we have approval we have 4 years to build. Oh yeah … apparently our infrastructure/holding costs by Ipswich council will be $14,000 for pavements through the area. Basically all up with applications fee's, plan drawings, surveyors and consultant costs and infrastructure/holding costs it will come to approx $20,000 to do the project (sub-division can cost up to $50,000).
Good luck and let me know how you go.
Martin
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