Mr and Mrs W came to see me with a common scenario. An old home in Blackburn purchased in the 1980's at a very low price considering today’s prices. Their problem is they are looking to retire and the home requires major repairs including re-stumping.
The land size is 750m/2 and is situated on a side street with town houses already constructed in the same street. My advice was to knock down the old and rebuild two new town houses. Cost of the project would be around $650k and the sale price would be $800k each.
Mr and Mrs W have decided to move forward with Berstan Homes on the project and preliminary works have started. Another knock down rebuild solution in Blackburn by Berstan Homes.