Hi All
Need some ideas see if I am on the right track.
Just purchased R40, nice rectangular block, City of Melville.
My first thought was to build 3x2 villas, very vanilla, but the sums stack up nicely.
Then, I thought what if I went with apartments, I have no idea how many would fit on the block, can anyone give me an idea on this??
The logic behind this one was purely cash flow play, keep all of them, as I would achieve high rents in this area.
Build 2 bedders @80 sqm each x 1800 build cost per sqm ($144,000) each
Headworks?? no idea
Anyone like to contribute to this, I need some help as apartments new to me.
Also, I am not too keen on 1 bedders unless its inner city.
Thanks
MTR
Need some ideas see if I am on the right track.
Just purchased R40, nice rectangular block, City of Melville.
My first thought was to build 3x2 villas, very vanilla, but the sums stack up nicely.
Then, I thought what if I went with apartments, I have no idea how many would fit on the block, can anyone give me an idea on this??
The logic behind this one was purely cash flow play, keep all of them, as I would achieve high rents in this area.
Build 2 bedders @80 sqm each x 1800 build cost per sqm ($144,000) each
Headworks?? no idea
Anyone like to contribute to this, I need some help as apartments new to me.
Also, I am not too keen on 1 bedders unless its inner city.
Thanks
MTR