澳洲Australia property Subdividing Vs One Large Home? | Sydney
在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo
We currently live on a 800m2 (15.24 x 53) block with an existing 11m deep/length house can't decide the following:
1. Build 1 x Unit at rear and keep exisiting 1960s house at front.
2. Build One Large Family House (around 40sqs) which would only be 22m deep, adding the gap between the street and the door is another 10m which is only 32m. We still have around 20m at the back...
Which would be better value for money and protect the future land value?
My folks are within their 70s and need help looking after themselves with my wife as a carer/full time mum of 2..We are intending to live in the house until at least the kids grow up. The kids are 3 and 5.
Option 1 appeals to us as it would give two houses with privacy needed and also an option to rent out later on in life....We are seen neighbours who have subdivided but also aren't sure whether a unit can be built at the back as access would be limited to the driveway.
Option 2 appeals to us but less so as it would somewhat leave a rather large area at the back that would not really be utilised. We're also wondering if we cna recover the cost of building the new house if we decided to sell short term.
Depends on the area values, but generally having 2 houses on the block will have greater value than one large house and be a far better investment.
Run the numbers to see what the costs / benefits are either way.
Depends on the area of course and also if you are looking at this transaction as an investment or as a home which you want to live in long term but 9 of 10times I would suggest subdividing. Build a nice house in the back and renovate the 1960's house in the front. I have many clients in Sydney doing this but most are side by side and not back and front.
The intersection of lifestyle issues & financial considerations is always difficult and the decision can't be made primarily with the help of a spreadsheet
2 properties would be prefereable imo.
I would see whether you would be happy to renovate your existing dwelling to make it a long term proposition for your family. In parallel, a unit which could accommodate your parents and still give them some independence. This would also allow another source of income for you in the very long term.
I think any short term sale of a very recently renovated property, would be a marginal proposition to recoup your money, but would be dependent upon location, property style, demographics etc....
You most likely won't make any money with a demolish-rebuild for 1 dwelling.