Have you been hitting the weekend inspections and auctions hoping to find a potential property for subdivision?
Do you know which properties make for the best subdivision projects?
Be sure to check out our helpful hints below so you can choose the right property for your subdivision project.
When choosing a property for subdivision, it is important to keep the following in mind to ensure you maximise your development’s potential:
Street Frontage Matters
Does the property have street access?
Does the property have street access on multiple sides?
Did you know, corner blocks are great candidates for subdivision as they allow for street access for multiple dwellings.
Street access will maximise the street frontage for any newly developed properties. Corner blocks are also more likely to allow for separate driveway entrances for any future properties, which can increase the market value of your properties overall.
Check Your Slope
Did you gauge the general levels and slope of the potential property?
Land that is relatively level or has a minimal slope makes for the most cost-effective subdivision projects.
Often in the excitement of viewing a property, the land’s topographical features can be overlooked. Purchasing a property that has a significant slope can be costly to the subdivision process and land will likely need to be levelled before any development can begin. Many building companies will not build off-the-plan designs on blocks that have not been levelled first. This unexpected cost can derail even the best laid plans for property development.
Review Natural Features
When inspecting properties for future subdivision, you should take note of the natural features of the land.
While tree lined streets and natural vegetation can increase the overall market value of an area, property that is encumbered by large trees and native vegetation could complicate the subdivision process.
The location of these natural features may alter or negatively impact your future development plans, especially if there are local council regulations in place to protect specific vegetation.
Note the Local Council
Before you consider purchasing a property for subdivision, you should take note of which local council area the property falls within.
Some local councils may have minimum lot size guidelines and zoning regulations which will impact your development options.
Review the Title
Finally, before committing to any land for the purpose of subdivision, we recommend chatting with a surveyor to review the property’s title.
It is crucial that the title is reviewed to ensure there are no council easements, overlays, or restrictions on the property. These title encumbrances can hinder the subdivision process and result in limitations, delays, and further costs to your project.
How can we help?
Give Sam and team at Linear Land Surveying, (Melbourne land surveyors) a call on 9873 8888, or email survey@linearlandsurveying.com.au, for help with your subdivision project.
We wish you the best with your search for the perfect property for subdivision!
The information on this website is intended to be general in nature and is not personalised land development advice. It does not take into account your specific objectives, land development site or financial situation. Before acting on any information, you should consider the appropriateness of the information provided and seek more specific advice from the professional team at Linear Land Surveying.
