1 into 3 Lot Subdivision + Renovate Existing House
1670sqm, Neighborhood Residential Zone, Healesville, Yarra Ranges Council, Victoria
Putting in a cheeky offer paid off with Julie acquiring this property at nearly 30% discount to vendor's asking price.
She needed to! It came with a few challenges...
- it was a chainsmoking hoarder's house
- vendor didn't have belongings cleared by settlement & then did a runner!
- dreadful street appeal: 2nd worst house in the street, with the worst being next door!
- 9m easements at the rear
- neighbours tree at rear in bush fire zone
The challenges didn't stop there!
- Julie was admitted to hospital just before settlement
- Council delays
- Council made errors on planning permit
- Market for land lots turned in period of delay
This was a great project with multiple exit strategies involving renovation of the existing house to increase it's value and gaining DA approval for 3 lots when originally told only 2 lots likely.
Come along to this Meetup to find out why she didn't proceed with full planned renovation and how the subdivision turned out!