Hi Guys
Just trying to get some opinions regarding a duplex which is built over two green titled blocks.
The property I'm looking at is roughly 500 sqm, 3 bed 1 bath which shares a common wall with the building next door. The figures for the property all stack up however I'm thinking of how the common wall may affect the property in the future. (Capital Gains / Development)
The duplex was built in 1977, each half has a separate driveway etc, just a common wall in the middle.
In the future if I did want to rebuild what would the process be in regards to the common wall, If you couldn't buy the block next door I assume you would need their permission to knock down your half and there would be regulations regarding what can be done to the common wall? What happens if a granny moves in next door and doesn't want anything to change for the next 30 years?
The 10 to 20 year plan is just for buy and hold.
TLDR; Green titled block with a shared common wall. Would you consider it for an investment or would there be too many hassles in the future?
Cheers
Just trying to get some opinions regarding a duplex which is built over two green titled blocks.
The property I'm looking at is roughly 500 sqm, 3 bed 1 bath which shares a common wall with the building next door. The figures for the property all stack up however I'm thinking of how the common wall may affect the property in the future. (Capital Gains / Development)
The duplex was built in 1977, each half has a separate driveway etc, just a common wall in the middle.
In the future if I did want to rebuild what would the process be in regards to the common wall, If you couldn't buy the block next door I assume you would need their permission to knock down your half and there would be regulations regarding what can be done to the common wall? What happens if a granny moves in next door and doesn't want anything to change for the next 30 years?
The 10 to 20 year plan is just for buy and hold.
TLDR; Green titled block with a shared common wall. Would you consider it for an investment or would there be too many hassles in the future?
Cheers