Hey guys, just bought a property in forrestfield, proposed to R60 by 2016, 918m2 corner block.
Does anyone know how many units can be put on there, they reckon 6 however looking at the total requirements such as 3m for drive way etc and a minimum of 150m2 for each block is impossible to meet the requirement.
I did a to scale design of what I think is optimal however I could only get 5.
Anyway, does anyone know or have any detailed spreadsheets of costs for subdividing /building costs and other hidden costs.
I'd like to run some numbers to see whether I would make profit if I run with this.
Well it will depend on the shape of the block and how many will be street front or battle axe.
Pretty much you can go 6@just over 150sqm. Or you could build to a plot ratio of .7 so around 640sqm of build area which could be 9 2x2 apartments at 70sqm or 8 at 80sqm or a mixture. Depending if you think there will be demand for this.
You probably should have checked all this before you bought. But other things that would effect it are street frontage, easments, council trees, high voltage power lines etc.
Have you got some end sales figures in mind to assist in an accurate feasability?