Forums / Property Investing / Help Needed! / 3 townhouse costs in Melbourne

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  • Profile photo of Suri007Suri007
    Participant
    @suri007
    Join Date: 2012
    Post Count: 19

    Hi,
    After two years, I have finally had council approve three townhouses.
    It took this long because there are some trees that needed to be protected and they weren’t happy with any proposal until recently. Anyhow it took long but it is done now.

    I want to know what it will cost to build these three townhouses, but am told I need to first spend nearly 18k for engineering and town planning?

    Ideally, I want to know the rough estimate of costs BEFORE I spend that money as if it is beyond my means, I will sell with plans, rather than build.

    Is there a way to roughly estimate costs of building 3 townhoues?
    2 are double storey, 1 is single storey.
    Sizes are roughly 25sq and 21sq for the doubles and 19sq for the single.
    The land is 1400sqm and is on a 2m slope from back to front.
    The property has an old house that needs to be demolished.
    It also has a swimming pool that needs to be filled.
    There are quite a number of trees that must be removed.

    My question is –
    1. is there a way to get my ‘turnkey’ building company (they have helped me get across the line with council) to give me a price estimate without me having to spend first to get the engineering and other reports?
    2. based on the above info, can anyone with recent experience give me a cost I can expect?

    Thank you
    Su

    • This topic was modified 4 months, 2 weeks ago by Profile photo of Suri007 Suri007.
    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 271

    Suri,

    Really Simple.

    contact every builder within a reasonable distance, asking for quotes, some of these may even include these cost (rare but can happen)

    Also you have completed pre approved plans? what went through Council exactly?

    Profile photo of Suri007Suri007
    Participant
    @suri007
    Join Date: 2012
    Post Count: 19

    Thanks Jaxon I am not sure what went through council tbh.
    Because I had a company handle all of it for me.
    But basically I have approval to build 3 townhouses with some tree protection agreements in place.

    The company is asking me to pay 10k for civil engineering, structural engineering, energy rating and another 7.5k for final working drawings.

    Profile photo of JaxonJaxon
    Participant
    @jaxona
    Join Date: 2014
    Post Count: 271

    Suri sent you a PM if you want to chat,

    So you have entered into an agreement and it sounds like they have got planning approval on provisions which is stepping forward.

    Call them, clarify every step (to the end goal having the property to produce income)
    then workout all associated costs.

    call other companies for the same offerings.

    find the best product/price for what you need.

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