HI Guys, and Gals
I own a property in Epsom, which has around 883 Sqm of land with existing house and pool, which is zoned 5 - one dwelling. the property directly behind (875 sqm and zoned 6A) me is up for sale, and I am considering buying it and build 3 units, buy giving around 200 SQM to the property behind.
so my existing property is 883 sqm, I plan to make it 600 sqm, which will then allow the property behind me become around 1158 sqm, or 386 sqm each unit.
Any ideas on what the council would want to charge for this ? should I allow $100K or $300k ?
and then who do you recommend I go to - to get indicative costs on building the said 3 units?
if I allow $500k each unit for building, driveways, sewerage, ETC, orif I allow $600k for each unit as an all up cost - does this sound reasonable?
I don't expect a definitive answer from anyone - but I guess that someone has done something similar and has some experience.
or - should I just offer the land to the selling agent to notify developers that the land is for sale - sell the land and let them have the head ache of subdividing and building.
I guess if I could sell the back portion of my property it would be a fairly quick and easy process, but then again maybe not?
any ideas ?
I own a property in Epsom, which has around 883 Sqm of land with existing house and pool, which is zoned 5 - one dwelling. the property directly behind (875 sqm and zoned 6A) me is up for sale, and I am considering buying it and build 3 units, buy giving around 200 SQM to the property behind.
so my existing property is 883 sqm, I plan to make it 600 sqm, which will then allow the property behind me become around 1158 sqm, or 386 sqm each unit.
Any ideas on what the council would want to charge for this ? should I allow $100K or $300k ?
and then who do you recommend I go to - to get indicative costs on building the said 3 units?
if I allow $500k each unit for building, driveways, sewerage, ETC, orif I allow $600k for each unit as an all up cost - does this sound reasonable?
I don't expect a definitive answer from anyone - but I guess that someone has done something similar and has some experience.
or - should I just offer the land to the selling agent to notify developers that the land is for sale - sell the land and let them have the head ache of subdividing and building.
I guess if I could sell the back portion of my property it would be a fairly quick and easy process, but then again maybe not?
any ideas ?
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