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Apartments

Apartment Property Developments

Apartment developments are often more attractive projects for potential investors than traditional developments such as single storey or two storey multi-unit projects.

When you choose to build apartments as opposed to units or townhouses, the land value of course remains constant, but the potential profits, capital returns and rental yields are likely to be much greater.

Recent changes to the residential zonings and local authority town planning schemes now allow for higher density construction. This means you can now build apartments in many Perth suburbs where previously the residential zonings would have dictated developers could only build units, villas or townhouses.

At Visionone Projects we specialise in the construction of two and three storey class 2 buildings accommodating a mix of one, two or three bedroom apartments.

When taking on a project of this magnitude it is vital to run the numbers and make sure the development stacks up financially. Our team of Perth property experts will work with you to assess the feasibility of your apartment development, helping you understand all of the construction costs  - and other associated costs. We will also examine the target market for the finished product and estimate, based on our market intelligence, what you can expect to sell the apartments for once the project is complete.

Our in-house design team will work hand in hand with you to create a design for your apartment buildings that is tailored to your unique block configuration. We work hard to ensure the design meets the brief for maximum resale value, but also affords a cost-effective build.

We use all of our 25 years of experience to create an attractive end product so your apartment development will offer plenty of street appeal, with modern, contemporary facades that ensure buyers and renters alike will want to call your new development home.

Further information

There's more to constructing a successful apartment project than making sure that you have the right materials and design plans. In Perth, each plot of land has its own specific zoning regulations, intended to ensure building compliance.

In the table below, you can see just a couple of examples of the zone regulations in place, and how many apartments you might be able to construct in a specific space.

Zoning Land Area Possible Multi-units Possible Apartments
R40 700M2 3 6
R60 700M2 4 7

Importantly, the calculations listed above can be subject to a range of complex variables, including proximity to public transport, local authority policies, and compliance requirements for stores, parking, courtyards, and more. 

At Vision One Projects, we'll help you to understand the unique parameters of your individual block of land, to ensure that your build is a success. 

Due to the size and scale of apartment developments, it is vital to fully understand the requirements that must be adhered to.

Apartments are classified as Class 2 buildings, which means there are different building codes to be met. A higher fire and noise rating are obvious examples but there are many other considerations to meet compliance requirements.

We are a design and construct builder and therefore offer complete in-house design solutions for your apartment development project, and we will ensure these additional requirements are met.

We will also ensure that in addition to designing attractive, functional and cost effective apartments, we will also cover off on other requirements such as parking (for both residents and visitors), vehicle and pedestrian access, passive solar design, over shadowing and more.

Our goal is to make the design and estimating process simple and transparent. To this end we also provide preliminary designs including elevations, finished floor levels, total house area, plot ratios, site coverage, retaining walls and setbacks. This ensures you can feel 100% confident and informed about your apartment project.

Building an apartment development is no simple feat. You need to create a product that's attractive and functional to buyers, and cost-effective for you to construct. 

At Vision One Projects, we help you to simplify your apartment project, by providing a transparent up-front quote, featuring all the fees you can expect to pay throughout your project. 

Our quote includes an itemised list of prices for complete transparency.

We offer full block yield calculations, feasibility assessments, and demand analysis, to ensure that you know exactly what you can expect from your project.

 

Start your apartment project with confidence. Get in touch with Vision One Projects today!