From: Gidget .
Hi everyone,
My husband and I have an investment property in Chelsea Heights (an area which has seen great growth over the last 2 years). Our investment property is on around 1200sq m and we could fit 1 or 2 more units on the block STCA. That isn't really an option for us at the moment though. We've just found out that the vacant land behind the block (currently used as a horse paddock) and one property next door to ours have been sold for unit development. There is a vacant block on the other side as well which is likely to be put up for sale soon and may also be sold for unit development. Does anyone know whether it will adversely affect the value of our property if units are built around us?
I'd appreciate any advice.
Gidget.
Hi everyone,
My husband and I have an investment property in Chelsea Heights (an area which has seen great growth over the last 2 years). Our investment property is on around 1200sq m and we could fit 1 or 2 more units on the block STCA. That isn't really an option for us at the moment though. We've just found out that the vacant land behind the block (currently used as a horse paddock) and one property next door to ours have been sold for unit development. There is a vacant block on the other side as well which is likely to be put up for sale soon and may also be sold for unit development. Does anyone know whether it will adversely affect the value of our property if units are built around us?
I'd appreciate any advice.
Gidget.
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