house sitting on 3 lots

Hi,

I am looking at buying a house that's comprised of three lots.

In the title search it says following:

SCHEDULE OF PARCELS
-----------------
LOTS 2-4 SEC. 1 IN DPxxxx

Is it right to assume that I can knock down existing house and build three independent torrens titled houses on this land?

Property is in Sydney.

 

no, it doesn't necessarily mean that.

 

Hard to know without more detail . Seek professional advice .

Is the current property heritage listed , which could affect your ability to demolish it .

Cliff

 

@Terry_w I forgot to mention this on original post- “ Provided there is no other site specific constraints “

I understand there could be heaps of other constraints such as heritage as @See Change mentioned or flood, setback requirements etc.

My question is specific to difference between a single lot property versus 3 lot property in general.

 

There really is a whole lot at play here. Form my experience a separate lot does not necessarily mean it comes with another dwelling entitlement. Has your solicitor/surveyor looked over it as yet?

 

Building entitlement will depend on the Local Environmental Plan.

 

Are the blocks already split on one title or ""3"",that alone would add $$ or unsplit cost $$..imho..

 

Potentially yes either via CDC (need to meet minimum block size requirements, minimum frontage, etc) or via council DA.

I have a client doing a development on a 4 lot site via CDC.

 

It is on one title but 3 lots. lot 2 to lot 4. See image below.


I bought the property yesterday. Fingers crossed

 

Thanks for posting that plan---at least you understand what some call risk where others see opportunity then ""low risk "" opportunity ---well done..

 

4/5/6 perches - are these inner city blocks? Terrace houses? Google tells me a perch is only 25m2

 

Yes.