Hi, I own an old run down house on a decent sized block, the block is located very close to schools/shops & is in a decent part of town. Would be looking to flatten the block & build 3 townhouses if possible? Older houses on the same street go for $400k - $450k. The only new townhouse I can find in the area went for $525k, with another older smaller townhouse in a worse area going for $287k. Property width is roughly 17m so potentially could fit a driveway down the long end of the property to service 2-3 of the townhouses? The good: Block is 690sqm Directly across the road from 2 schools Shops on the same street about 1 minute walk away Bus stops directly out the front of the property The bad: House on the block needs to be demolished(asbestos removal) Full grown trees to be removed 2 sheds would need to be removed Outhouse would need to be removed House is asbestos The house/property right now is entirely a burden & has no use or function. I'm just looking for some advice to know if this would even be feasible from someone with experience developing & if they think it could potentially be a good idea. I also understand I haven't done enough research into the numbers & will need to thoroughly figure out my risk involved if the project turns out to be worth pursuing. Thanks in advance for any replies/advice given on the topic.