Here's a strange question but I'll go ahead any way... I have a friend who has a business manufacturing kit home type houses. He can do a 2bdr house w/ carport installed on site in Sydney for $70k.
Just wondering if anyone's ever used a similar type home on development site, any objections from councils, what resale price they achieved etc.
If you could buy a ~1200sm block (say $90k/site) around St Marys/Mt Druitt and instead of putting 8 townhouses you drop 8 of these 'homes' ($70k each) your total cost is max. $180k per home. I would think resale price would be around $250k at least?
I'm not sure whether a duplex style development would be as viable. I had a quick look at realestate.com.au and it looks as though you're paying at least $360k for ~600sqm land so $180k per site + $70k build doesn't leave any profit..
Thoughts? Comments? Perhaps more viable for smaller sites in alternative areas where land costs are much lower?
Cheers
Just wondering if anyone's ever used a similar type home on development site, any objections from councils, what resale price they achieved etc.
If you could buy a ~1200sm block (say $90k/site) around St Marys/Mt Druitt and instead of putting 8 townhouses you drop 8 of these 'homes' ($70k each) your total cost is max. $180k per home. I would think resale price would be around $250k at least?
I'm not sure whether a duplex style development would be as viable. I had a quick look at realestate.com.au and it looks as though you're paying at least $360k for ~600sqm land so $180k per site + $70k build doesn't leave any profit..
Thoughts? Comments? Perhaps more viable for smaller sites in alternative areas where land costs are much lower?
Cheers