Development Potential Grows Considerably with New Unitary Plan
Our client owned two properties that sat side by side. Both properties had an existing single level 3 bedroom home. The owner knew the sites were not being utilised to their best development potential and was keen to explore options.
Under the old district plan, the only development option was to add a minor dwelling to each site. After evaluating the costs and returns, our client concluded the addition of minor dwellings was probably not a worthwhile investment. He put the development plans on hold but held onto the properties. This paid off when the new Unitary Plan was introduced and the opportunity for development grew significantly.
With a land area for both sites totaling 1450 square metres, under the new Plan it now was possible to construct six new Ashcroft homes, all on separate titles! Our client decided to proceed with five homes and Ashcroft’s Camden plan was the chosen design, constructed as two sets of duplexes and a stand-alone dwelling. Take a look at the planned development.
More Project Insights
Why This Developer Chose Ashcroft for Back-to-Back Projects
Our client, a seasoned property developer with extensive experience in residential projects, had worked with a wide range of builders, from group home companies to independent operators. After years of managing diverse teams, she recently completed her second project` with Ashcroft Homes.
Foresight and Resilience Brings Great Rewards for this Astute Developer
Our client purchased a duplex property in Otahuhu in 2013. While this was an ideal rental property, the site also had great development potential. Soon after purchase, our client approached the next door neighbour asking if they’d be willing to sell. They agreed.
A Property Development Transformation
Scott Keddie owned a home with a spacious section in Sandringham. Recognising its property development potential, Scott initially planned to demolish the home and build an apartment block.