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Judging by the response not too many want to buy into that!!
I’ve got a similar dilemma with one that Im doing
and am looking at some of the narrow lot Webb Brown designs.At the end of the day someone who is going to commit to building them would need to do the necessary work to determine what can fit taking into account setbacks etc. There are some tricky rules when it comes to balconies close to boundaries/neighbours etc which is worth considering if your going 2 story.
good luck…
best to talk to local surveyor, or one who knows shire regs etc.. is it stirling?
agree with Woodsman, in WA governed by strict residential coding and subdividing 560m2 would be difficult…
I too have completed one and in the process of second. Main lessons are not to underestimate dev. costs and the time taken to complete the process.Both items have big impact on whether the project stacks up in the first place and cash flow during the course.
If you are satisfied there is enough in it, then use a surveyor, my costs were an additional $5k but costings were so accurate, made budgeting easy and no hiccups.
In both cases, services needed to be connected prior to sale. Finally watch plumbing costs! Only thing the surveyor couldnt nail down, and stung me hard!!
Sorry if Im coming in a bit late on this but I too am intrigued with how ther is $40k left on the table?
Im currently subdividing in the SouthWest and as hard as Ive tried I cant make a case for building as opposed to just selling the blocks. There may be 40k in the deal across all three blocks, however the risk and associated holding costs etc etc would for me far outweigh the “cut and run” approach. I guess it could vary in specific areas….
