Browse Forums Real Estate 1 Aug 01, 2009 4:13 pm Hi We have been looking for 6mths for a house to buy and, rent out until we finish our current house reno's, then move into, but so far only 1 house has come close to our long list of 'desirable' qualities. Anyway, we have worked out that to get what we want we will probably have to build... This is a problem being .1. We want a block size of about 1000m2-1200m2 (hubby needs room for shed, kids to play etc and there is hardly any left this size in areas we want) . Anyway we have found a great block (1200m2) in our fav suburb. It is dual occupancy with a one bedroom out the front of the block and a 4 bed at the back. Both houses are pretty run down but liveable. Would this plan be feasible?? *Rent out both houses whilst we finish our reno's at our current house (prob 12mths time) *Sell our house, and move into the house out the back of the block * Knock down the front house and replace with new house (whilst we still live in the back house...thus avoiding any renting costs etc) * Move into new house once complete, eventually knock down back house and hubby replace with his big shed he wants. We would expect to live there for 10yrs or so.. Opinions please?? Can you just build one house on a dual occupancy block and can you live on the block when your building?? I guess obviously, it will depend on the auction price of the buildings and land as to whether it is financially viable. There is an open house tomorrow so wil get a better idea...Can you ask the agent what sort of price range it will be in??? The auction is in a weeks time. Thanks any ideas would be appreciated! Lauren Re: Dual occupancy housing block.. will this work well for us? 2Aug 01, 2009 6:29 pm this dual occ you found, are they on separate title? If they are, you are going to pay quite a bit more for stamp duty, and pulling down an older home is more timely and costly. Why not go for a block ripe for development (ie. big land)? Any monies made from renting it out for a year would be lost in stamp duty and the pulling down... A thankful person is a happy person. [/color]My hobby design blog: http://aviewondesign.blogspot.com/ Hi All, see above image. The required setback from the rear boundary in my case is 5m, as you can see the shape of the site and location of the boundary is slightly… 0 8431 CDC Housing Code 3 When to apply Floor Area external face of wall vs Gross Floor Area internal face of wall. Reading thru CDC Housing Code 3, lets take a lot 915sqm.… 0 16535 I am not based in Victoria however i had a quick look into your question to understand what you were asking. The way I read the regulations, overshadowing relates to the… 1 2217 |