Multi-Unit Property Development
Multi-unit property developments are generally projects which comprise of 4 or more units or townhouses, although a 4 dwelling site can also be called a quadruplex development.
It will come as no surprise that when subdividing land in Perth to develop property it generally becomes more complicated as the number of dwellings increase.
What to consider when developing multi-units
For multi-unit developments in Perth there are additional factors to consider to meet the local council policies as well as the R-Codes involved when subdividing land. For example extra consideration must be given to power, sewerage and driveway drainage requirements. Solar orientation for each dwelling is also a major consideration.
However, with the additional requirements comes the potential to see a greater return on your investment. As a rule of thumb the more units you can construct as part of your multi-unit property development the more opportunity there is to see a positive return on investment.
The best approach is to talk to an expert, who can help with your due diligence before moving ahead with the development project.
Subdividing for Success
At Novus our in-house design team will work with you to create a design solution that is perfectly suited to your unique lot. We look at the size and shape of your block of land and we discuss with you what you are looking for in terms of room configuration – for example do you want 2x2, 3x2 or 4x2 accommodation? Once we have had these important conversations we present a project design that is aimed at delivering you the best chance of achieving your financial goals.
Our subdivision and property development experts will run you through the numbers and present your total costs and potential resale value for your multi-unit development, giving you peace of mind that the project will stack up and offer you a rewarding return on investment.