I got an offer accepted today with 21 days due diligence. The house is within 5km from CBD. Basically, the house sits on 800+sqm, LDR, overland flow flood (85%), termite damages. Initially, I am planning to split 1 lot into 2 lots of 400+sqm. However, private town planner told me that this is impossible as it requires 300m2 of new lots above 50 years floor water level. The way to fix this is to raise the land by soil excavation and add bigger storm water to avoid overflow running into neighbor houses. It is costly. If subdivision is impossible, there are another two backup options: 1. Fix structural damages and renovation. 2. Buy a new modern house on existing lot. Do not know if this can make any profit? Do you think any other options?