*homework on property with subdivision potential* Hi all, We're going to have a look at a property on a large block about 900sqm tomorrow. It has the appropriate zoning for dual-occ or multiple dwelling building. It has 2 street frontages as it's a corner block, pretty level - not on a hill. Sounds pretty awesome, right? But it's been on the market for 5 weeks and there hasn't been a bidding war; but just 2 bidders didn't follow through for finance reasons. The existing house is a bit run down and needs some fixing in the bathroom and living room. It was occupied by an old mother who's in hospital now and the son's selling the house. So, it's vacant. What sort of things should be on my checklist before I put in an offer? My intention is to subdivide the land at the back to sell it off in a couple of year's time (with or without a new house). Lack of bidding and slow moving makes me concern. Please share your thoughts. Thanks heaps!