I am doing a bit of a feasability and am looking at either:
1. Subdividing (reconfigure a lot) and then doing MCU to put a duplex on the back of an existing dwelling
2. Subdividing (reconfigure a lot) 1 lot into 3 lots. (2 lots at the back of the existing dwelling)
3. Knock exisitng dwelling down and put 4 units on land
Doing this in SEQLD and since the water / sewerage companies have taken over from the council, the infrastructure costs are about $35k per dwelling!! (25k from council and an additional 10k from the water authority)
This is on top of other costs such as physical connections and crossovers and driveways.
Ouch!!!!
It certainly does dig into profits.
How does all the guys out there intend to subdivide their larger plots of land.
If I was putting 4 up, this would be a $140k deficit to the authorities, before I pay money for the lines to be put in?
How can it be worth it?? (you must need to sit on the plot for a good while to increase value, or buy it for a steal.??
F
1. Subdividing (reconfigure a lot) and then doing MCU to put a duplex on the back of an existing dwelling
2. Subdividing (reconfigure a lot) 1 lot into 3 lots. (2 lots at the back of the existing dwelling)
3. Knock exisitng dwelling down and put 4 units on land
Doing this in SEQLD and since the water / sewerage companies have taken over from the council, the infrastructure costs are about $35k per dwelling!! (25k from council and an additional 10k from the water authority)
This is on top of other costs such as physical connections and crossovers and driveways.
Ouch!!!!
It certainly does dig into profits.
How does all the guys out there intend to subdivide their larger plots of land.
If I was putting 4 up, this would be a $140k deficit to the authorities, before I pay money for the lines to be put in?
How can it be worth it?? (you must need to sit on the plot for a good while to increase value, or buy it for a steal.??
F