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Ppor subdivision

Discussion in 'Development' started by Joshwaaaa, 23rd Jun, 2015.

  1. Joshwaaaa

    Joshwaaaa Well-Known Member

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    I have owned this house for a while, bought knowing the potential was there to subdivide oneday (corner block) . Never really cared much for the house it was just somewhere to live. So my partner and I decided it was time last year


    I think i took on a job noone else wanted to, this is the street view from when i bought it
    11.png

    behind that god awful creeper this is what you would have found 1.jpg

    2.jpg


    I took on all work during the process, except retaining walls, we've worked to an extremely tight budget and with work being quiet its been good to keep me busy.

    I will add to this thread through the day when I get a chance at work
     
    Last edited: 24th Jun, 2015
  2. Be Developer

    Be Developer Property Developer Business Member

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    @Joshwaaaa ,

    would you be able to post aerial view of subject property??
     
  3. Joshwaaaa

    Joshwaaaa Well-Known Member

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    yup sure, red line is roughly where we split it split.png
     
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  4. Be Developer

    Be Developer Property Developer Business Member

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    @Joshwaaaa

    Good size and shape block!

    don't have much knowledge of SA planning controls. so cant comment much. but looking forward to your progress.

    Good luck!
     
  5. Joshwaaaa

    Joshwaaaa Well-Known Member

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    thankfully this is almost coming to an end currently just doing a few catch up posts.


    4 days in an excavator and couple of skips later, thats the neighbour in the olive helping me out gotta love good neighbours
    dug.jpg

    it sat like this for a little while, (read: no money)

    after getting some funding up we hit the ground running, had a surveyour out asap this is what we came up with playing around with google maps

    [​IMG]

    this is what the surveyour came up with, good to know we were on the right track
    [​IMG]
     
  6. Joshwaaaa

    Joshwaaaa Well-Known Member

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    after being given the a-ok by the council, it was time to demolish my beloved garage to get my section 51 clearance. Even though it was half rusted away and had severe drainage issues I still loved it :( Called in a couple favours for a weekend and it went from this

    9.jpg

    to this

    10.jpg


    Got a local earthworks company out to clearout the concrete footings and driveway, unfortunately once the got under the footing they discovered another drive way and another set of footings from a previous shed. around 50 tonne of concrete later I achieved my section 51 clearance and it was time for titles
     
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  7. Gaby

    Gaby Member

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    Looking good always fun capitalising on existing potential you have in a block
     
  8. Arnel

    Arnel Well-Known Member

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    Nice work, best thing about corner blocks is you don't compromise street frontage to develop.

    Most local governments generally provide incentives to develop corner blocks in return increasing passive surveillance along with many other objectives outlined in the future plans for the greater area.

    Keep us posted :)

    Are you planning to do a owner build?

    How are your figures adding up?
     
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  9. Joshwaaaa

    Joshwaaaa Well-Known Member

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    House is pretty much built, handover due in a couple of weeks.

    Numbers are stacking up well i think.
    Original purchase : $260,000 (7years ago, area has had a slump since then. Probably worth similar if in the state i bought it in)

    Subdiv up to titles including demo and new fences: $25,000
    Retaining: $24,000
    New build (3x2x1) : $137,000

    Finishing touches budgeted
    Split system: $1600
    Driveway & paths: $5000
    Flooring: $5000
    Rear pergola and paving: $5000 diy
    Then just a bit of landscaping me and the misses will do on the cheap, there is not much yard


    Have had 4 REA's through genral consensus on values
    Existing : $270-280000
    New build: $330-350000

    Before split i would have been looking at around 300 and it still needed retaining and fencing done.
     
    Last edited: 23rd Jun, 2015
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  10. Be Developer

    Be Developer Property Developer Business Member

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    good work @Joshwaaaa .... profit will help to reduce mortgage on PPoR.

    would you be uploading photos of completed home?
     
  11. Joshwaaaa

    Joshwaaaa Well-Known Member

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    Ive got plenty of pics to come when i get near a computer, out in the factory on my phone at the moment, lol
     
    Last edited: 24th Jun, 2015
  12. Arnel

    Arnel Well-Known Member

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    @Joshwaaaa nice mate, how much did that work out to be per sqm? Seems quite decent for a 3x2x1
     
  13. Joshwaaaa

    Joshwaaaa Well-Known Member

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    Off the top of my head if remember correctly the house is 133sqm living 154sqm incl garage and entery. Built by one of the budget builders in SA hickinbotham but everything has gone smoothly. Floor plan of my own design, it is very hard to find a floor plan to fit a small perfectly square building envelope.

    Its no architectural master piece actually rather plan jane but fits into the area nicely
     
  14. Arnel

    Arnel Well-Known Member

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    Wow, under 900 per sqm that's impressive.... Got to love Perth prices :(


     
  15. stumpie

    stumpie Well-Known Member

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    It's in adelaide.
     
  16. Arnel

    Arnel Well-Known Member

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    @stumpie hence why I was I was impressed at how cheap it was to build... Compared to perth .... Was being sarcastic :) "got to love perth"
     
  17. Joshwaaaa

    Joshwaaaa Well-Known Member

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    next came retaining lots of retaining, had around a 2.5m drop from the neighbours driveway to the existing house back door.

    3.jpg 4.jpg 5.jpg
     
  18. Joshwaaaa

    Joshwaaaa Well-Known Member

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    the good part was council approval for both the retaining walls and the house came through within the same week, so as soon as the walls were finished they came straight in for the cut and fill. This only gave me a weekend (which just so happened to be a 40 degree+ weekend) to get all the fencing up by myself, which I didnt quite manage but got very close.

    cut.jpg

    then the fun began, finally making it seem like the endless amounts of work were coming to an end. The boy was excited to see the "diggers" in action. With a few rather large piers sunk where the old pool used to be
    mas.jpg
     
    Last edited: 24th Jun, 2015
    Arnel likes this.
  19. sumterrence

    sumterrence Well-Known Member

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    Nice work!, looking forward to see the finishing :)
     
  20. Paul@PFI

    Paul@PFI Tax Accounting + SMSF Business Member

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    So you are selling.? How does the tax and GST impact the sale ?