All Topics / Help Needed! / A house on top of underground natural watercourse

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  • Profile photo of JazzarYJazzarY
    Participant
    @jazzar
    Join Date: 2018
    Post Count: 1

    Hi, I am new here and would like to seek second opinions for a house.

    We are looking for investment properties and found a house we’d like to buy. The house is at left-hand side of a road, while the right-hand side has been re-zoned couple of years ago and new 5-stories flats have been or being built. We think the left-hand side will be rezoned sooner or later.

    But we found that the house is on top of a underground natural watercourse, diagonally from back yard to front yard. My concern is will the watercourse be a problem for building apartment on top of it? If it’s rezoned one day, is it possible developer will not buy the land because of the watercourse?

    Profile photo of AdelaideBrokerAdelaideBroker
    Participant
    @adlbroker
    Join Date: 2017
    Post Count: 5

    Best to speak to a professional (ie townplanner/surveyor) who will be able to give you a perspective on the likelihood of it being rezoned in the future and how the watercourse might come into play.

    AdelaideBroker | Adelaide Broker
    http://adelaidebroker.com.au/
    Email Me | Phone Me

    Adelaide based mortgage broker

Viewing 2 posts - 1 through 2 (of 2 total)

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