Why the conner position property have more potential ?

Viewing 10 posts - 1 through 10 (of 10 total)

koeiyan
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@koeiyan
Join Date: 2011
Post Count: 7
May 4, 2011 - 6:41 am
Hi mates,
could you give me some ideas? And take one suburb or place for example?
angelinsydney
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@angelinsydney
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Post Count: 270
May 4, 2011 - 7:08 am
Hi Koeiyan,
Exactly what is your question?
Angel
Mick C
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@shape
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May 4, 2011 - 7:13 am
I bought a corner place 4 years ago.
1. it’s easier to split title and for subdivision as you have 2 access point no need for a “driveway” as such.
2. they are normally larger in size
3. Can be rezoned as 2 address instead of 14 A Smith st and 14 B Smith st ….it can be 14 Smith st + 11 Ryde road…etc = better selling potential
Regards
Michael
Mick C | Shape Home Loans
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koeiyan
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@koeiyan
Join Date: 2011
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May 4, 2011 - 12:17 pm
thank you Michael.
scotts
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@scotts
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Post Count: 63
May 5, 2011 - 3:24 am
Side Setback (eg you can build closer to the street then on a normal block)..
the following link examples it in detail
http://brutalart.com.au/property-development/corner-block/
Mick C
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@shape
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May 5, 2011 - 3:26 am
Scotts- great link! i learnt a few things today
Regards
Michael
Mick C | Shape Home Loans
http://www.shapehomeloans.com.au/
Email Me | Phone Me
Same Banks. Better Rates. Served With a Passion.
v8ghia
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@v8ghia
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May 5, 2011 - 11:50 am
HI,
Plus if it is zoned as business/dual usage, I have heard of people suggesting you buy the next house back from the corner…..so when the guy on the corner does develop, they offer you big money for your place to either expand, or make into a carpark!!
angelinsydney
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May 5, 2011 - 8:20 pm
Beautiful
Andrew_A
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May 7, 2011 - 1:36 pm
Nice work Scotts, enjoyed reading your post, top use of visuals as well
christianb
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@christianb
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May 12, 2011 - 1:14 am
Developing a corner block can be easier for all those reasons mentioned above. In essence, a corner block will generally enjoy a dispensation that allows more of the land to be used for building. There is also more street frontage, and that makes retention of on-street parking easier.
In developing a corner block there is generally no need for a body corporate as each property can have its own frontage and address, and no need to share a driveway.
In regard to the side setback issue specifically:
1. The primary street frontage may have a set back of say 9 metres – this is quite common.
2. The secondary frontage may have a set back of as little as 2 metres – also common.
So, if you were to build two dwellings side by side on a regular allotment, they would each need to be set back 9 metres, whereas if one were to build two dwellings on a corner allotment, one of these could be set back as little as 2 metres. For this reason, corner allotments have long been seen as desirble for subdivision.