I am planning to build townhouse on 158 m2 subdivided land . How much it will cost me?

Discussion in 'Property Experts' started by Shreya, 1st Feb, 2021.

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How much it cost to build 3 bed 2 bath townhouse. Do we have reputed builder in this group?

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  1. Shreya

    Shreya New Member

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    Location:
    Melbourne
    This would be my first home building
    I am planning to buy subdivided land.

    land size 258m2 and build up area 158 m2
    Design/Planning approved.
    Townhouse 3 bed , 2 bath , double garage

    please let me know approximate cost
    Also please recommend any good builder with affordable quotations
     
  2. The Y-man

    The Y-man Moderator Staff Member

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    Approximate cost: find out what similar properties are selling for and add 10%.

    i.e. if a similar property is selling for $800k, then it will probably cost you $880k on the first attempt.

    The Y-man
     
    gman65 likes this.
  3. Shreya

    Shreya New Member

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    Thanks The Y-man, since land price is already fixed I am more inclined towards knowing building cost for 3 bed 2 bath townhouse. And as a first home buyer, any grant from gov?
     
  4. The Y-man

    The Y-man Moderator Staff Member

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    Sorry no idea - I never went into I know a couple of people that did and ended up with lots of grey hair :D But plenty of people here who can give you a per sqm estimate for build.

    The Y-man
     
  5. The Y-man

    The Y-man Moderator Staff Member

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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    $13,227,293.45 + gst

    This includes PC sums for the following: preliminaries, site works, excavation, footings, slabs, wall framing, cladding, nuclear bunker, windows, insulation, surface to air missile guidance system, roofing, services, landscaping, internal finishes, pool, lift, nbn application
     
  7. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    How do you build a single townhouse on 238m2 ?
    Townhouses are generally 3 or more dwellings that share common wall/s on a single lot. A duplex is a 2 "unit" equivalent.
     
  8. Mark F

    Mark F Well-Known Member

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  9. Beano

    Beano Well-Known Member

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    Are you certain I calculated and got
    $13,227,293.46 plus gst :p
     
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  10. Scott No Mates

    Scott No Mates Well-Known Member

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    Ahhhh! I never was much good at maths. :oops:
     
  11. Hamish Blair

    Hamish Blair Well-Known Member

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    Depends on the level of finish you select, site conditions (soil, slope etc) and so on.

    Bespoke or volume builder?

    Perhaps $2,000 / m2 so perhaps mid to high $300s, plus GST.
     
  12. meffn

    meffn Well-Known Member

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    Melbournians have a different definition of townhouses it seems. I've seen lots of freestanding houses listed as 'townhouses'. Also a lot of houses listed as 'unit'... bloody confusing.
     
    Last edited: 3rd Feb, 2021
    craigc likes this.