I have been looking at land and older houses coming up for sale for a few months.
As per another post I put in a low offer on some land that was coded r30.
While there was some negotiation I was firm to the original offer on the basis there was a 30m brick with metal picket inlay fence to be constructed along one side.
Mid week the offer was accepted just as I had given up on it.
So its 30m square. One side adjoins a public green area/park.
Have DAP approvals for up to a triplex in principal. However this has all 3 facing the park with a long driveway up the far side.
I was talking to an acquaintance who used to be the town planner and he has made the suggestion that since I am just planning on a townhouse/duplex arrangement I arrange them side by side facing the road.
As I see it the battleaxe arrangement will probably have a slightly better rent return with both facing the park.
The side by side probably would have a better resale value if I ever sell since no common area etc. But might be a difficult process getting approvals.
Given the location with a major refinery about 40mins away and a expanding desalination plant I probably be keeping it for at least 6 years.
Any suggestions for/against either layout?
As per another post I put in a low offer on some land that was coded r30.
While there was some negotiation I was firm to the original offer on the basis there was a 30m brick with metal picket inlay fence to be constructed along one side.
Mid week the offer was accepted just as I had given up on it.
So its 30m square. One side adjoins a public green area/park.
Have DAP approvals for up to a triplex in principal. However this has all 3 facing the park with a long driveway up the far side.
I was talking to an acquaintance who used to be the town planner and he has made the suggestion that since I am just planning on a townhouse/duplex arrangement I arrange them side by side facing the road.
As I see it the battleaxe arrangement will probably have a slightly better rent return with both facing the park.
The side by side probably would have a better resale value if I ever sell since no common area etc. But might be a difficult process getting approvals.
Given the location with a major refinery about 40mins away and a expanding desalination plant I probably be keeping it for at least 6 years.
Any suggestions for/against either layout?