Ideas

[j4mesa]

Maximising the use of land

Hi all,

i needed some opinion, in hunter valley areas, there is a block of land for sale with the size of 1450m2. Land price abt $190k

Would it be better off to in terms of rental or future sold price to do :

1. Build a 4x2 house with a granny flat

OR

2. Build a duplex house (only 1 land title - unsure whether the council would allow land subdivision for this as this is in an estate)

OR

3. Any other better ideas either to improve the rent return or sale price in the future?

I would appreciate any opinions or thoughts on either option 1,2,or 3 if exists
Thanks all

 

[Rockstar]

You would have to check the zoning and covenants of the estate. The smaller the dwelling you build, the more cost/sqm to build so a GF may yield less than a 2nd larger 2 or 3 bed house. You may be able to strata subdivide this later and profit from the subdivision if planning code permits it.

 

[j4mesa]

thank you Rockstar