Dual Occupancy

When you perform dual occupancy development, your capital is sealed, as the purchased property having a house and land is already an asset and is going to bring you rental income. Thus, any risk such as a hindrance to the development is not damaging because the value of the asset is retained. And, this value is still retained post-development.

Is also going to generate income even when the project is in the planning stage and sometimes even after during development. However, you cannot expect to generate this income if you have a vacant property.

Due to the value of land, dual occupancy development, similar to most of the infill developments is gainful.A land of 675 Sq.m, it would be sufficient to develop another dwelling & divide the land into two dwellings. The two dwellings can be of equal size of 337 Sq.m.The value of these two dwellings will be much more compared to a single dwelling made on the entire property, offering much more income.

When planning dual occupancy development, you must understand the condition for development and subdivision.

Dual Occupancy Homes

• Requirement of sufficient space, which is dependent upon the size and positioning of the existing house.
• Requirement of sufficient vehicle entrance and exit access.
• Financial viability of the proposal.

Conclusion – Dual occupancy development is subdividing a house along with the land, it is standing on, into two allotments. There are many factors to be considered when you want dual occupancy development. And, we can help you guide through the entire process successfully.

Our special service on assessment of property development addresses all these aspects. We  meet at the requirements for the best application possible. Contact us to get your FREE site assessment.