Glenroy development

Discussion in 'Development' started by Manic, 4th Jan, 2017.

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  1. Manic

    Manic Well-Known Member

    Joined:
    23rd Nov, 2015
    Posts:
    61
    Location:
    Melbourne
    Hi all, I'm looking to embark on my first development. I have a 720 sqm block that I've owned for a few years and it has had some appreciation. The figures say that I'd be in a better equity AND cash flow position if I were to knock down the existing house and build 3 townhouses as opposed to leasing the existing house.

    I'm currently looking for a highly recommended planner and builder who I can work with through the process. Does anyone know of any that has experience of building in Glenroy?

    Any other tips welcome.
     
    Manic, 4th Jan, 2017
    #1
  2. Tufan Chakir

    Tufan Chakir Well-Known Member

    Joined:
    18th Aug, 2016
    Posts:
    877
    Location:
    Victoria, Australia
    Planner and Architect first. Then builder. It's going to be a long process - get good people around you to help. Don't be too concerned trying to find people specific to Glenroy - skilled people work throughout the state.
     
    Tufan Chakir, 5th Jan, 2017
    #2
  3. Mirafeli

    Mirafeli Member

    Joined:
    27th Jul, 2015
    Posts:
    12
    Location:
    VIC
    Hi Manic,

    I've managed to get 25 townhouses on 1600sqm site in Pascoe Vale, doubled old endorsed planning permit (12 townhouses). Your site may fit 4 instead of 3 and ROI will be much better IMO. PM me the site address I can figure out the feasibility and concept for you.

    BTW, you need an architect to draw the concept first before obtaining planner advice, builder is required after DA
     
    Last edited: 6th Jan, 2017
    Mirafeli, 6th Jan, 2017
    #3
    Redwood likes this.
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