Hi
I was just wondering about the pros and cons with battle axe blocks
I have seen a battle axe block going very cheaply in a growing area close to the beach on a 700sqm block in Port Kennedy. Had a look at it don’t seem too bad apart from maybe an ackward driveway and no real road frontage.
With resale are people inclined to pay alot less for a house on a battle axe block or is it not that much of an issue. The block is 40 000 less then any other block in this suburb
what is a battle axe block?????
Hi
A battle axe block is often when you have a block that is say 800sqm and the owner subdivides the block and builds a house on the back half of the block with a driveway down the side. Looks like a battle axe
Would reccommend finding out about the neighbouring property owners (front and back and sides)- they could be a problem for the current seller. In addition have a look at what a block in the street behind is valued at, which effectively has the same distance from the beach, I would imagine they would/ should be the similar.
I’ve recently done a bit of work into this kind of block. A couple of agents told me they don’t go for as much as a block with frontage – if you talk to about 5 agents, they will begin to shape your views on what you could/should expect to pay for such a block.
liz
they are a little dearer to develop as you have to run the drive right down to the back and put the drains in etc and they are a bit more awkward for the builder, but a $40k discount on the blcok sounds like you may be looking at something good. here’s so,e sales evidence for you to look thru:
Address Sale $ Date sqm
15 EMDEN LINK PORT KENNEDY ROC 120,000 2/02/2005 579 M
9 GRADO L PORT KENNEDY ROCKING 99,750 29/11/2004 351 M
61 MONTORO DRV PORT KENNEDY RO 68,265 19/11/2004 533 M
50 WITTECARRA CR PORT KENNEDY 95,000 8/11/2004 510 M
46 ENDEAVOUR DRV PORT KENNEDY 108,000 21/12/2004 546 M
3 CARPENTARIA DRV PORT KENNEDY 98,000 5/12/2004 583 M
44 WITTECARRA CR PORT KENNEDY 98,000 6/11/2004 510 M
115 SAN SEBASTIAN BVD PORT KEN 106,000 24/11/2004 590 M
26 WITTECARRA CR PORT KENNEDY 105,000 6/12/2004 510 M
31 CHINCHILLA PWY PORT KENNEDY 105,000 14/01/2005 600 M
5 LIMOGES ELB PORT KENNEDY ROC 70,000 7/12/2004 495 M
52 ENDEAVOUR DRV PORT KENNEDY 103,000 12/11/2004 507 M
3 PASTRANA CR PORT KENNEDY ROC 103,000 9/01/2005 592 M
2 LANGSTON CL PORT KENNEDY ROC 107,000 4/12/2004 518 M
68 ACHIEVER AV PORT KENNEDY RO 108,000 6/02/2005 533 M
4 BOGUE WY PORT KENNEDY ROCKIN 117,000 8/01/2005 581 M
54 ENDEAVOUR DRV PORT KENNEDY 103,000 12/11/2004 512 M
5 MONTELIMAR ELB PORT KENNEDY 107,500 18/11/2004 576 M
11 BAYONNE GDNS PORT KENNEDY R 85,000 21/01/2005 518 M
70 ACHIEVER AV PORT KENNEDY RO 107,000 17/12/2004 543 M
8 VERIN L PORT KENNEDY ROCKING 98,400 15/01/2005 354 M
24 MONTORO DRV PORT KENNEDY RO 105,000 1/12/2004 600 M
43 PIMENTO CIR PORT KENNEDY RO 110,000 26/01/2005 520 M
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
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