We have had a feasibility study done on our property. Excellent sub dividable potential with good profit potential.
Old house is well forward of block, with room for rear dwelling no worries. We were simply going to build at the back but now looking at demolishing because there's at least $170-220k to spend on Reno at front.
Location is Brighton East in Vic. I would be looking at around $40k to rent elsewhere for 12 months.
Do you think I'd be adding enough value on 2 new rather than a Reno and build.
Old house is well forward of block, with room for rear dwelling no worries. We were simply going to build at the back but now looking at demolishing because there's at least $170-220k to spend on Reno at front.
Location is Brighton East in Vic. I would be looking at around $40k to rent elsewhere for 12 months.
Do you think I'd be adding enough value on 2 new rather than a Reno and build.