New Dual Occupancy Project

Discussion in 'Development' started by 3354, 24th Oct, 2015.

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  1. 3354

    3354 Active Member

    17th Oct, 2015
    The young owners were moving into their first home near Melbourne only to find it was zoned Neighbourhood Residential zone. Fortunately there was no minimum lot size but the Schedule to the Zone still restricted the development to a maximum of of two dwellings- despite the property being within walking distance to schools, parks and bus stop.

    LESSON: Check the Planning Schemes carefully

    The property was large- over 110sqm!

    So we get about doing the financials. If we could get a deluxe dual occupancy in the generous backyard and subdivide the property intelligently could we still end up with two dwellings in the final count?

    Architecture and town planning education counts! This is the first chapter in the First Home Investment.

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    Last edited by a moderator: 3rd Nov, 2015