We are looking at a potential PPOR on a battleaxe block.
The value of the purchase is in the land content, 395sqm, there's a daggy duplex on top but the price I'd say is block value.
The price actually is a bit lower than comparable block sizes in the area. Perhaps because it's a battleaxe block.
Is there anything specifically I should be aware of with purchasing a battleaxe block? We are not looking at developing, but I'm interested in how the shape of the block affects the value of it. The block becomes quite skinny towards the back.
Thanks.
The value of the purchase is in the land content, 395sqm, there's a daggy duplex on top but the price I'd say is block value.
The price actually is a bit lower than comparable block sizes in the area. Perhaps because it's a battleaxe block.
Is there anything specifically I should be aware of with purchasing a battleaxe block? We are not looking at developing, but I'm interested in how the shape of the block affects the value of it. The block becomes quite skinny towards the back.
Thanks.