Thinking of building townhouses in a very prime spot (think laneway off Drummond St in Melbourne or laneway off Crown St Surrey Hills Sydney type of location). I have an empty piece of backyard that I can subdivide out.
Is it better to build 2-3 four level 70sqm townhouses that would probably sell for $1.2-1.4m each, or a very big townhouse that would be worth $2.5-3.5m?
Not really to sell. Thinking of holding it either keep it vacant for private use or rent it out.
Is it better to build 2-3 four level 70sqm townhouses that would probably sell for $1.2-1.4m each, or a very big townhouse that would be worth $2.5-3.5m?
Not really to sell. Thinking of holding it either keep it vacant for private use or rent it out.