any difference in investing in a battle X block There s a house at the back of the other house. The driveway goes down the side of the house in front . I cant see any problem but are banks wary or any problems you know of?
If you want to redevelop or rebuild on the block, could be an issue. In general I don't see an issue, as long as the block is fit for purpose. Eg battle axe block in a premium or the right suburb can go a long way. But I know some people do see an issue in all cases.
Battle x properties tend to be harder to sell........are usually priced at the lower range of average prices in its surrounding area. However, capital gains % increase tend to be on par with the neighbourhood. It's about swings and roundabouts.....risk/rewards......and being ok with that.
Perceived issues : more neighbours for fencing Security (hidden from street) Small frontage Generally no further subdivision permitted
We have friends who have the rear battle axe block. Thin drive with the rear portion of land. House overlooks reserves in diamond creek (vic) with a huge end to end deck. I was not big on these types of blocks prior but when they have an X factor like this one does.....
Ironically they feature less in the police statistics for crime as criminals don't want to be blocked in. Just watch the building envelope size as the he listed block size will include the driveway.
