Hi All,
Helping a friend search for some investment properties at the moment. They are looking to purchase, renovate and pull out equity then hold the properties long-term. They would also consider building duplexes/villas but I believe you need at least 600sqm block to subdivide in Blacktown, otherwise they remain on one title? If buying something not suitable for subdivision, the plan would be to renovate and hold until an adjoining block becomes available.
There seems to be some potential for buying a 2 bedda, and adding another bedroom, bathroom and garage.
I realise there has been a lot of movement in the last 12 months but Seven Hills, Lalor Park and Kings Park still seem to be well-priced compared to surrounding areas and offer nice size blocks.
Just wondering if anyone has any input on these areas and any suggestions on what to look for?
Much appreciated
Helping a friend search for some investment properties at the moment. They are looking to purchase, renovate and pull out equity then hold the properties long-term. They would also consider building duplexes/villas but I believe you need at least 600sqm block to subdivide in Blacktown, otherwise they remain on one title? If buying something not suitable for subdivision, the plan would be to renovate and hold until an adjoining block becomes available.
There seems to be some potential for buying a 2 bedda, and adding another bedroom, bathroom and garage.
I realise there has been a lot of movement in the last 12 months but Seven Hills, Lalor Park and Kings Park still seem to be well-priced compared to surrounding areas and offer nice size blocks.
Just wondering if anyone has any input on these areas and any suggestions on what to look for?
Much appreciated