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
When Two Becomes Eight – Quadrupling Rental Potential!
A client approached us seeking development options for a rental property of 1,012 sqm section that hosted two brick and tile units. After reviewing the site for its build feasibility, the Ashcroft team concluded that the two units could be replaced with eight new terraced homes!
How a Fresh Strategy Saved this Project When the Market Shifted
When our returning client purchased a house on a large section in Avondale, the initial plan was impressive: demolish the existing house and construct three modern homes, 2 three-storey Highgate duplex and a stand-alone Kingston at the rear.
Ashcroft’s lateral thinking delivers 50% more housing - and profit
Our client’s rental property was a four-bedroom home on an 800 m2 site. When changes to the Auckland Unitary Plan were introduced, zoning adjustments meant the property was now located in a Terraced Housing and Apartment Zone. This provided great development potential for this rental property.