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  1. B

    How does a Drainage Easement affect Development Potential?

    Thanks GreenMedallionand all.
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    How does a Drainage Easement affect Development Potential?

    Hi Scott, Our Council doesnt allow pump out solutions. Our council says that we can build 1m away from easement. Also, we have to leave a 1.5 setback from side boundaries if we want to build a Duplex. So my question is: If I already have my plans done for a Duplex, can you also put a...
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    How does a Drainage Easement affect Development Potential?

    Thanks Mitch and Mr. B. Yes, our Council doesn't allow pump out solutions. Our council has said that we only build 1m away from the easement. So in fact, I will lose a lot of development potential. If my plans are already done, I don't think I will be able to change my plans, ie change my...
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    How does a Drainage Easement affect Development Potential?

    Hi Scott NM, Thanks for your help. When you say "restrict the area on which you can build"- what does this mean? They are proposing a 150mm PVC pipe to drain stormwater. So would this require concrete encasing to build right next to it? If not using concrete encasing, what is the usual...
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    How does a Drainage Easement affect Development Potential?

    Drainage Easement and Development Potential Hello, I live in Sydney. My land is approx 850 m2 and slopes gently to the street. My upstream neighbour is proposing to put a 1.5m L-shaped stormwater drainage easement along 7m portion of my rear boundary, and then approx 16m down the side of my...
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    Finance for purchasing property and building Duplex

    Yes, that's right. It's in an upmarket area and the land area for the two duplex units to be built on is 750m2. The floor space for each Duplex is approx 230m2. Many Duplexes are built in this upmarket area and sell very easily for this size.
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    Finance for purchasing property and building Duplex

    Hi Rolf, Yes we have done a feasibility analysis on this proposal. As I mentioned, the building costs are $400,000. Another $10K for excavation and $4K for council charges. Everything else, e.g. plans have already been approved and the build will take approx 6 months. Why won't it buy...
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    Finance for purchasing property and building Duplex

    Peter, can you please send me the contact details of some private Brokers in Sydney who would be interested in this deal? Thanks
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    Finance for purchasing property and building Duplex

    Thanks so much for your reply Peter. So you beleive that I will be able to get Residential or Commercial finance. Could you pls clarify the following: "You need to demonstrate to the lender that you've got enough equity in the deal and that you can afford the end result, in line with...
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    Finance for purchasing property and building Duplex

    Hi, I would like to get advice on this investment proposition: I currently own a residential property(A)(mortgaged) and the property directly behind me (B) it is up for sale. The previous owners of B prepared a Development Application to knock down the existing old house and build an...
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