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Sub divide and sell the back yard

Discussion in 'Investing Strategies' started by COSY, 3rd Oct, 2016.

  1. COSY

    COSY New Member

    Joined:
    21st Jul, 2008
    Posts:
    2
    Location:
    VIC
    Hi All,

    I have a property 1200sqm and got the back unit. that unit got separate electricity, water , gas and sewer and I think access to drain storm water too. So can I sub divide this to two lots easily?

    I’m not going to build anything in back just two lot sub division and sell the back ?

    If possible let me know the process.

    Cosy
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,619
    Location:
    Sydney, Australia
    Where is the property located? Do you know what the zoning for the area is?

    Is it a granny flat?

    Generally granny flats are not able to be subdivided, but depending on the location and the nature of the property, there may be possibilities.
     
  3. COSY

    COSY New Member

    Joined:
    21st Jul, 2008
    Posts:
    2
    Location:
    VIC
    Hi Simon,

    This property located at Local Government (Council): GREATER BENDIGO and with GENERAL RESIDENTIAL ZONE (GRZ)

    this is a single bed unit and I'm paying council rates for both properties.

    Cosy