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Well it will depend on the shape of the block and how many will be street front or battle axe. Pretty much you can go 6@just over 150sqm. Or you could build to a plot ratio of .7 so around 640sqm of build area which could be 9 2x2 apartments at 70sqm or 8 at 80sqm or a mixture. Depending if...

Probably to do with 1. Out of area agent And 2. Is it planned for rezoning or non developable? Cheers

If anyones still looking in girrawheen, recieved this one today. Has not hit the market yet i dont think New Listing 31 Oldfield Road, Girrawheen. Nice 4x2 house on 692 sqm block . Tipped to become R60. Quiet street, away from main road. Nick - Raine & Horne north perth Cheers

We all favour making money n/s/e/w doesnt matter as long as the potential is there and the numbers stack up. Cheers

what zoning? cheers

O the possibilities 18-24 months ago. There certainly was money to be made by not doing a hell of alot except holding

no worries woops that was supposed to say stirling, dont know why I put vincent. cheers

R40 would be minimum 180sqm average 220sqm so effectively 660sqm block. But theres alot more to consider with access leg and block layout and build sizes etc. Or .6 plot ratio for apartments so 415sqm or so build area. R30 will be .5 but city of vincent wont allow multiple dwelling on...

I hope you didnt buy it as a devo site with out knowing these answers first? R30 is minimum 260sqm and average 300sqm so will still be a duplex site. What zoning is it currently? R40? Any possability of a retain and build at r30? Cheers

I would be factoring demo costs. 15k is a big cost And depending on asbestos in it too. Otherwise you may aswell leave out stamps and holding costs and contributions etc. It all adds up and eats into the profit. Cheers

That small street frontage may prove challenging.

Pm me address. May be able to help. Cheers

O damn. Has someone else swooped in yet? Cheers

I believe a small part is close to the centre. maybe in time and with the directions 2031, more parts will be rezoned to accomodate. time will tell

How did you get on?

whats your plans for it? cheers

Are they planning for a full rezone or a concesional rezone ie r20/r60? as the requirements will change things. cheers

dont bother since it is a rent back. Offer a bit more, short settlement, and finance if you need it. Rent back to them for as long as possible 2 years if possible while rezoning goes through, you get da approval plans and finance sorted. demo and build. refinance before if you need the extra...