Irregular Block

Discussion in 'What to buy' started by Realist35, 16th Mar, 2017.

Join Australia's most dynamic and respected property investment community
Tags:
Page 1 of 2
  1. Realist35

    Realist35 Well-Known Member

    Joined:
    1st Mar, 2016
    Posts:
    1,693
    Location:
    WA
    Hello guys,

    I understand that regular, square blocks of land are ideal. However many blocks of land don't have this shape, and I'm wondering to what extent this really matters and what types of blocks I should really avoid.

    As an example example, would you say the blocks in the attached pictures would be acceptable? I'm asking because I see blocks like these very often.

    Thanks a lot:)!
     

    Attached Files:

    Realist35, 16th Mar, 2017
    #1
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    It means you lose development potential, but that may not be an issue to you?
     
    D.T., 16th Mar, 2017
    #2
    Realist35 likes this.
  3. Realist35

    Realist35 Well-Known Member

    Joined:
    1st Mar, 2016
    Posts:
    1,693
    Location:
    WA
    Thanks @D.T.

    So blocks like these can definitely not be developed (600sqm)?

    No negative impact on capital growth?

    Cheers!
     
    Last edited: 16th Mar, 2017
    Realist35, 16th Mar, 2017
    #3
  4. wylie

    wylie Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    14,005
    Location:
    Brisbane
    Are you looking for a development block or wanting to know about irregular blocks in general?

    A block near one IP is landlocked (battle axe) with a long driveway... about 640 sqm and not a nice even rectangle. It has bits poking in at corners and wraps around other block corners. It's a mess of a block.

    Finding the right driveway or front door is not easy for first time visitors and it has eight neighbours adjoining it. :eek:
     
    wylie, 16th Mar, 2017
    #4
    Realist35 likes this.
  5. Realist35

    Realist35 Well-Known Member

    Joined:
    1st Mar, 2016
    Posts:
    1,693
    Location:
    WA
    Well i don't think I'll be ever developing.. Just buy and hold long term for capital growth. However several properties I am interested in have blocks like in the attached pictures. Are the attached two blocks acceptable for my goal?

    Or should I avoid blocks like these?
     
    Realist35, 16th Mar, 2017
    #5
  6. Realist35

    Realist35 Well-Known Member

    Joined:
    1st Mar, 2016
    Posts:
    1,693
    Location:
    WA
    This is the one I'm interested in. Should it be OK?
     

    Attached Files:

    Realist35, 16th Mar, 2017
    #6
  7. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,353
    Location:
    Perth
    Irregular shapes generally mean a more articulated build is required on them which increases the cost of construction - for example stepping a roof to maintain a 1m setback from an angled boundary.

    However besides they they are generally fine if the shape allows for a liveable area/garden.

    Sometimes they can even work in your favour if they are narrow at the front and you lose minimum land to meet front setbacks.
     
    Westminster, 16th Mar, 2017
    #7
    Ko Ko Naing, Perthguy and Realist35 like this.
  8. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,353
    Location:
    Perth
    I think it's fine and one day if there is ever development opportunity it may make a nice side by side duplex
     
    Westminster, 16th Mar, 2017
    #8
    Realist35 likes this.
  9. Realist35

    Realist35 Well-Known Member

    Joined:
    1st Mar, 2016
    Posts:
    1,693
    Location:
    WA
    Awesome, thanks so much:)!

    I'm about to put an offer on it so I don't want to mess up:).

    P.S. Never thought it would be possible to build a duplex on this block. It's 580 sqm.
     
    Last edited: 17th Mar, 2017
    Realist35, 16th Mar, 2017
    #9
  10. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Where is it and what is the zoning?
     
    Perthguy, 17th Mar, 2017
    #10
    Realist35 likes this.
  11. Phase2

    Phase2 Well-Known Member

    Joined:
    14th Jul, 2016
    Posts:
    1,289
    Location:
    Perth
    I like irregular shaped blocks, sometimes you can get them at a very nice discount, you just need to be creative with the house design. Having said that, the block shape from @Realist35 is fairly common in Perth, I doubt much to be had in the way of discounting.
     
    Phase2, 17th Mar, 2017
    #11
    Realist35 and Perthguy like this.
  12. mikey7

    mikey7 Well-Known Member

    Joined:
    30th Mar, 2016
    Posts:
    1,173
    Location:
    Sydney, Brisbane
    @Realist35 , you've got nothing to worry about.
    Check out one of mine.. This will be fun designing a house if it ever comes to that..
     

    Attached Files:

    mikey7, 17th Mar, 2017
    #12
    Realist35 likes this.
  13. Realist35

    Realist35 Well-Known Member

    Joined:
    1st Mar, 2016
    Posts:
    1,693
    Location:
    WA
    Cheers mate:)
     
    Realist35, 17th Mar, 2017
    #13
  14. Realist35

    Realist35 Well-Known Member

    Joined:
    1st Mar, 2016
    Posts:
    1,693
    Location:
    WA
    Hey mate, it is in Melbourne, R1Z.
     
    Realist35, 17th Mar, 2017
    #14
    Perthguy likes this.
  15. WestOz

    WestOz Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    1,259
    Location:
    WestOz
    1st pic
    Unless an easement the Pool (& patio) should have been put on the otherside so a drive-thru shed could go there, somewhere to park the boat/van.

    Kazakhstan
     
    WestOz, 17th Mar, 2017
    #15
    11907, Perthguy and Scott No Mates like this.
  16. Angel

    Angel Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    5,815
    Location:
    Paradise, Brisbane
    Your tenants will appreciate the low maintenance yard. Looks fine to me.
     
    Angel, 17th Mar, 2017
    #16
  17. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,225
    Location:
    Sydney or NSW or Australia
    If considering a duplex site (or units), the wider frontage can mean the difference between being able to build vs getting only a house on the block.
     
    Scott No Mates, 17th Mar, 2017
    #17
    Westminster likes this.
  18. Barny

    Barny Well-Known Member

    Joined:
    16th Oct, 2015
    Posts:
    3,191
    Location:
    Australia
    Have you noticed any price difference from similar houses on rectangle blocks vs the house on a irregular block shown?
     
    Barny, 17th Mar, 2017
    #18
  19. Westminster

    Westminster Tigress at Tiger Developments Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    11,353
    Location:
    Perth
    You never know what the future holds with zoning. I've built duplexes on 320sqm
     
    Westminster, 17th Mar, 2017
    #19
  20. Perthguy

    Perthguy Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    11,767
    Location:
    Perth
    Hasn't Melbourne just changed the rules so you can build as many as you want if you provide enough garden?
     
    Perthguy, 17th Mar, 2017
    #20
Page 1 of 2