Hi there,
I have found a property (old house on big block) for sale on a street zoned R20, total land size 974 m2. On the same street there are a few other blocks that have had battle axe subdivisions done on block sizes of 976m2, however I thought that a zoning of R20 meant that the average of the block size for both blocks had to be (10000/20 = ) 500 m2. With a block smaller than 1000 m2 how is this possible?
On the same street there are also several blocks that were once >1000 m2 that now have battle axe subdivisions.
This is important as the agent has said the property is subdivisable (STCA) and the asking price has about a $150k premium attached to it for the larger block (with subdivision potential).
Thanks,
Jason
You must be logged in to reply to this topic. If you don't have an account, you can register here.
