- VPMember@vpJoin Date: 2008Post Count: 8
Hello Forum Members
I am looking at investing in a duplex property in Perth, however only half the duplex is on sale.
I would like to know what are the pros and cons of the investment.
The block is large (700 sqm) and sub divisible into two.
Duplex is 2×1, no garage or carport, approx 80sqm living area, 20yrs old. In market for 320K.
Suggestions and feedback welcome.
Thank you very much.
VlbluedentoParticipant@lbluedentoJoin Date: 2009Post Count: 98
I have contemplated this myself recently. Especially after I came across a duplex where the owners of one half had demolished and we’re rebuilding a separate residence.EM1010Participant@em1010Join Date: 2011Post Count: 5
I came accross a duplex in Perth (Kewdale Area) last year…pretty cheap at $299K. As I did my DD, I realised that there may be restrctions on the property. Any development you may have to make depends on the agreement with the co-orners. The specific one in Kewdale could not be subdivided easily.
I would suggest you enquire with the Council (not the Agent) about the conditions for sub-division, redevelopment etc. Different council may have different rules.
Elyluke86Participant@luke86Join Date: 2010Post Count: 470
If the propetry has been subdivided to build a duplex, then it is unlikely that you could buy one of the duplexes and subdivide it again. You need to double check with council and with a planner- it is no point buying one of the duplexes and hoping you can subdivide.