Hi,
We have a property that we can subdivide and put 2 new houses on. We were recently approached by a developer who has purchased the adjacent houses and have expressed interest in buying our house to develop all the land as a block. Our land is big enough to accommodate more houses, but because of driveway width and position of the current house, 2 new houses is the limit if we do the subdivision/build ourselves. If sold to the developer, they’d be able to use the land from adjacent houses to widen the driveway and put more houses on the land (remove the old house and potentially put 4-5 new houses on). They’d also benefit from our driveway for the other land (we are at the end of a long private driveway).
We have only started doing the research, but was wondering if anyone can shed any light into what might be more beneficial for us? Have an idea of what the cost/profit would be if we subdivide/build ourselves, but unsure how we’d go about how deciding how much we should sell to the developer.
The long term plan for us was always to put more houses and sell and move to another location.
Many thanks in advance.
We have a property that we can subdivide and put 2 new houses on. We were recently approached by a developer who has purchased the adjacent houses and have expressed interest in buying our house to develop all the land as a block. Our land is big enough to accommodate more houses, but because of driveway width and position of the current house, 2 new houses is the limit if we do the subdivision/build ourselves. If sold to the developer, they’d be able to use the land from adjacent houses to widen the driveway and put more houses on the land (remove the old house and potentially put 4-5 new houses on). They’d also benefit from our driveway for the other land (we are at the end of a long private driveway).
We have only started doing the research, but was wondering if anyone can shed any light into what might be more beneficial for us? Have an idea of what the cost/profit would be if we subdivide/build ourselves, but unsure how we’d go about how deciding how much we should sell to the developer.
The long term plan for us was always to put more houses and sell and move to another location.
Many thanks in advance.
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