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.
As a specialist in the Perth property development market we can design and construct projects from 4 – 10 units. For more than 10 units on one block it is worth considering a low rise apartment development.
It will come as no surprise that property development projects generally become more complicated as the number of dwellings increase. For multi-unit developments in Perth there are additional factors to consider to meet the local council policies as well as the R-Codes. 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 and provide a full feasibility before moving ahead with the development project.