NSW What size is this block?

Discussion in 'Property Analysis' started by Car tart, 2nd Nov, 2019.

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  1. Car tart

    Car tart Well-Known Member

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    The agent says 700 square metres, but won’t put it in writing. The vendor is the NSW Govt and won’t comment. Council doesn’t know and the contract only gives you the lengths with no area or survey. The lengths from the rear going clockwise are 8 metres, 44, ~24, 47.
    Can anyone brave a guess on the area of this block. Being zoned R4, land value is about $1500 per square metre so an extra 200 metres makes a difference of 300k in the value.
     

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  2. The Y-man

    The Y-man Moderator Staff Member

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  3. Car tart

    Car tart Well-Known Member

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  4. wylie

    wylie Moderator Staff Member

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    Advise the agent of the block size. Once an agent know this he/she cannot say “I don’t know” to anyone else who asks (morally? legally?)
     
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  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Use the six maps plug-in and the Google Earth app.

    It will give you all you need.
     
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  6. bmc

    bmc Well-Known Member

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    Last edited: 2nd Nov, 2019
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  7. Scott No Mates

    Scott No Mates Well-Known Member

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    @bmc - you can't give away all of the clues. ;)
     
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  8. Car tart

    Car tart Well-Known Member

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    No,I would rather everyone else bid with uncertainty. It looked like it was 600 m2. So we’ll see how we go at the auction on the 14.
    It’s not for me but the youngest of my 4 kids who is looking for another investment as she is moving for a few years of work overseas.
     
  9. Archaon

    Archaon Well-Known Member

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    You would rather people outbid based on 700m2 than compete at fair value?
     
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  10. Car tart

    Car tart Well-Known Member

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    Nobody believes it’s 700m. It looks like 500 because it’s a wide frontage and only about 5 metres across the rear, 8m Perpendicular is about 5 at a right angle. So I’m hoping that like me they think it’s 550 metres.
     
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  11. shorty

    shorty Well-Known Member

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    Exsqueeze me, baking powder? :cool:
     
  12. bmc

    bmc Well-Known Member

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    or you buy the DP and know the exact sqm. rather than using quantum mechanics to calculate areas ;)
     
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  13. Paul@PFI

    [email protected] Tax Accounting + SMSF Business Plus Member

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    The contract may contain the title which may include the DP overlay - I think you can buy it. .

    Google found some tools but you have a 4 sides shape with two + angles and thats a quadrilateral. Hope you like maths. This is a job for a surveyor o_O

    Area of a quadrilateral Calculator


     
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  14. Scott No Mates

    Scott No Mates Well-Known Member

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  15. tedjamvor

    tedjamvor Member

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    Best suggestion here so far.
     
  16. Car tart

    Car tart Well-Known Member

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    No size written on contract or on CT. the DP shows the size of the original DP ie 27 blocks of land.
    Weirdest I have ever seen as property has never been sold. It has been owned by The NSW Govt. since inception.