Hi all
Looking at selling our 810 sqm block zoned R40 in Westminister.
Potentially could develop 3 units on this site. Has existing 3x1 brick veneer 1960s house in a liveable, rentable condition.
Agent has appraised value at around $560 000. I know the market is slow at the moment, but does this sound too low? I am seeing similar sized blocks, albeit corner blocks, with asking prices of around $650,000+.
Thanks in advance.
Looking at selling our 810 sqm block zoned R40 in Westminister.
Potentially could develop 3 units on this site. Has existing 3x1 brick veneer 1960s house in a liveable, rentable condition.
Agent has appraised value at around $560 000. I know the market is slow at the moment, but does this sound too low? I am seeing similar sized blocks, albeit corner blocks, with asking prices of around $650,000+.
Thanks in advance.