Zero lot line block as IP

Hi all,

I'm considering a zero lot line block of size 10m x 28m to build a house. Price is cheaper by 25k compared to a 12.5m x 28m block.

I'm hoping to save that 25k as it would be an IP.

It would be able to fit a 3 x 2 x 2 easily.

Would you recommend buying a zero lot line block? Anyone has issues renting out or selling such a house in future?

It appears that in new estates, most of the narrow blocks are zero lot lines and can build right up to the edge.

Would appreciate any thoughts. Thanks!

 

Might be a good idea to ask the land agent. What sells first in the area? What blocks seem to be the most popular?

 

This is increasingly becoming the norm in new estates. I wouldn't worry about it too much.

My PPOR is on a zero line block. All the houses in the immediate area are.

Just make sure the design suits the block.

In my opinion, 12.5m wide is better if you can get it. Allows you to fit in a double garage, reasonable entry hall and a front room.

My block is 12.5m x 26m and I have a 320sqm double-story on it!

 

If there's only a 25k difference on price I'd go the bigger block if you can't build a double garage on the 10m block - depends what state you are in. A double garaged house is perceived to be worth much more than a single garage.

And yes, that lot is easily big enough for a 3 bedder

 

Watch out for build costs. A zero lot line wall may need to be fire rated and may cost more to construct. It's worth checking out before making a commitment.

You need to run the numbers on end value as well. There is no point saving money on the block for a more expensive build to end up with an IP that is worth less than the IP on the bigger block.

 

Thanks all for your inputs. Definitely helpful.

 

True. Fire Rating generally costs a couple to several thousand more. Also if you build to zero boundary there are no windows or ventilation down that side of the house.

Overall it can work out cheaper to build on the smaller land, and who cares right because it's only a rental, but think resale down the track.

 

no
dont buy the 10m wide one if you want a double garage
10m is fine if you dont mind reducing to 3/2/1

 

Not necessarily, but definitely a possibility depending on the location of the block.

If it's in a new estate, there may be some form of planning document that allows a double garage on the block.

 

Rear lane access gets you over that hurdle.

 

Even a lot of standard front loaded 10m blocks still allow a double garage, but moving forward they'll all be 10.5m in line with the new RMD codes.

 

Would a tandem garage work on the standard 10m block so that you don't need to get a 12.5m one which allows you to store two cars in the garage?

 

Or a car stacker if you want to use the space effectively.