New 2 Lot Survey Strata Subdivision @ Kenwick Street, Balga

May 26, 2018

This week's work included starting a new Subdivision in Balga. Our client wanted to squeeze 3 lots onto his 800+ Square Meter block. After some honest discussions and weighing up the costs to develop the block we decided to go with 2 lots instead.

 

It is important to remember that just because you can create 3 lots of land from 1 parent lot, this might not always be the best idea. If these lots are too small they might not sell in the current market.

 

Do your due diligence always and make sure to work out the value of land in your area at the time you are developing by speaking with a local sales agent. Having 2 bigger blocks for sale instead of 3 smaller ones could be what makes the project a success (or) a disaster, when it comes time to try and sell the land.

 

 

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