PROs: You can knock down your old house sometime in the future and build villas or townhouses.
If you don't want to, then some developer will come knocking on your door some time in future. You may consolidate a few houses with your neighbours to make more land for such a development.
CONs: If you want to live in this property as your PPOR forever, over time you will be surrounded with these sorts of developments.
PROs: You can knock down your old house sometime in the future and build villas or townhouses.
If you don't want to, then some developer will come knocking on your door some time in future. You may consolidate a few houses with your neighbours to make more land for such a development.
CONs: If you want to live in this property as your PPOR forever, over time you will be surrounded with these sorts of developments.
On the same street there's currently a new duplex being built (the old property was purchased in 09 and knocked down since) - what do I make of that? their block is bigger - around 650sqm whereas the one I'm looking at is around 480 sqm.