We tried to sell our property way back in Feb 2010 but got no bites and the agent just wanted to give it away so he could get his commission. We got sick of him telling us that the land was worth nothing (1618 sqm) and that all people would want to pay for was the 3brm 1bthrm brick house on the front of it.
So we got rid of him and took the big step into subdivision and building in an effort to move up in the world...and start putting something aside for our retirement. So this is the beginning of a 10 year plan.
With hindsight, one brave step onto a very big learning curve, considering we're trying to do this through Redland City council, not known for being the easiest council to deal with. I'm beginning to see why.....
Also the cost. Why it costs so much to subdivide is beyond me. But anyway, that's for later in the blog.
So we started the process in March 2010. It's now mid October 2010 and we just got council approval for the subdivision, as long as we comply with a long list of things and pay heaps in contributions.
We have a long narrow block, 20 x 80 which we divided into 2, each roughly 20 x 40. The bottom block is for a house for us to live in, and the top block which contains the easement is for a duplex.
We plan to rent these out.
We plan to rent these out.
Sounds so simple, doesn't it?
Join me as I describe fitting the jigsaw pieces together to try and make this all possible.
The two pics show the back and front of the property, so much demolition to do yet.
You can see we have our work cut out for us!!
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