50k for a 689.8sqm of land in Northern Sydney

[htopg]

Let's say 500k for this parcel of land.
http://www.realestate.com.au/property-residential+land-nsw-beecroft-200485915

500k / 10 people = 50k per person
and each get 6,898 sqm / 10 = 689.8 sqm

Build a 3 bed house for 250k each
50k + 250k = 300k

Viola! 300k for a brand new 3 bedroom house on a 689.8sqm block in Northern Sydney.

Wishful thinking??

 

[handyandy]

Let's say 500k for this parcel of land.
http://www.realestate.com.au/property-residential+land-nsw-beecroft-200485915

500k / 10 people = 50k per person
and each get 6,898 sqm / 10 = 689.8 sqm

Build a 3 bed house for 250k each
50k + 250k = 300k

Viola! 300k for a brand new 3 bedroom house on a 689.8sqm block in Northern Sydney.

Wishful thinking??

Did you notice the power lines?

 

[Shahin_Afarin]

My money is on the fact that the land is not 100% usable but more importantly zoning (particularly in Beecroft) will stop you from subdividing the land into smaller chunks.

 

[mflying]

Here in another one in como,NSW

http://www.realestate.com.au/property-residential+land-nsw-como-200018221

reason it is cheap, because you can't use 90%+ Land to build or it will cost you lot of money to do civil work build on it.

also, it is in bushfire zone.

 

[htopg]

Did you notice the power lines?

Ah, it is a deal breaker then...

 

[htopg]

My money is on the fact that the land is not 100% usable but more importantly zoning (particularly in Beecroft) will stop you from subdividing the land into smaller chunks.

Ah, it is another deal breaker then...

 

[htopg]

Here in another one in como,NSW

http://www.realestate.com.au/property-residential+land-nsw-como-200018221

reason it is cheap, because you can't use 90%+ Land to build or it will cost you lot of money to do civil work build on it.

also, it is in bushfire zone.

Owning your own "National Park" seems to be a good idea if you got tons of cash to burn

 

[Scott No Mates]

That block in Beecroft has been listed for months now. Not the easiest development site, let alone for subdivision. The land is quite steep in parts as well, so a cheap construction will be out of the question.

Get familiar with the LEP to see what you can get away with.

 

[liamaust]

If you find another that works Im in!