Hey, I've been going over the feasibility of developing my property non stop for the past few months... I'm keen to get some outside and more experienced opinion if anyone is willing to offer it.. help to separate me from my clustered thoughts! Our downward trending economy in WA has been a lingering thought. I purchased my house in 2012 with intent to subdivide and develop. The property; Morley, about 8km straight line NE of Perth CBD. Walking distance to the big shopping centre. Nice street, 75% at min of the houses have either been heavily renovated or demolished and developed. 745sqm 3x2 1965 brick house, I'd call it very average condition. Pretty dated and unattractive inside. 100SQM R20/R25 $550k purchase I purchased with a buyer's agent ($12k) as I was working overseas and was specifically seeking an investment, not a home. I engaged a surveyor prior purchase,conducted due diligence with developing in mind and have discussed possibilities with more recently. My options would be; Demolish and build 2 - battleaxe configuration Demolish and build 2 - Narrow lot. I didn't think this would be possible but speaking to a surveyor recently brought up this idea. Lot is about 18.5m wide. After that chat, I noticed one going up around the corner like this haha. Retain and build on rear - This wouldn't be possible without taking off a chimney from the side of the house, maybe even removing a course of bricks, relocating the carport, modifying the roof eaves to be flush with outside wall, etc. Even then it'd be right on the 3m clearance required for rear access. Bearing in mind condition of front house. So this would be a MAYBE possible. My plan is basically to develop and hold. Rent both out and save for a house I want to have a family in. Would only consider selling to fund something else or am forced, but likely leave as a nest egg to pay itself off over 20/30/etc years. My job is quite manual and I doubt I'll be able to do it at 65 years old or whatever the retirement super age will be then! Do you think I've paid too much initially to make this a profitable development? Any opinion on feasibility? Appreciate any honest comments... I'm a potential first timer and you can get a bit twisted going over things in your own head too much haha. Cheers!