Are Battle AXE blocks hard to sell?
Battle x properties tend to be harder to sell……..are usually priced at the lower range of average prices in its surrounding area. However, capital gains % increase tend to be on par with the neighbourhood.
How much does it cost to split a block?
Exactly how much it costs from start to finish depends on the individual circumstances of each block but Scott Entwistle, planning manager at Brisbane urban planning firm DTS, says generally, for a standard 810 square-metre block that’s getting split into two, you’ll spend $70,000 to $75,000 for the process.
Why is it called a battleaxe block?
They are named for their distinct L-shape, which is said to look like a battle axe, hammer, hatchet or flagpole from above. Battle axe blocks are often the result of property developers subdividing a long block of land widthwise, with the rear section becoming a battle axe block.
What is a battle AXE allotment?
Battle Axe or Hatchet shaped allotments are those which are located at the rear of street frontage lots and which obtain or share street access via an access corridor. REQUIREMENTS. a For the purpose of calculating the minimum lot area the area of any access corridor is to be excluded.
What is an old battle axe?
(old) battle-ax(e) A strong-willed, argumentative woman, typically older in age, who is considered overbearing or domineering.
What is a battle AXE block?
In real estate, a battle axe block, hammerhead block, hatchet block or flagpole block is a block of land situated behind another, with access to the street through a narrow driveway shared by both properties.
What is Battlex?
Australian. a block of land behind another, with access from the street through a narrow drive.
What is an old battle AXE?
What does it mean to be called a battle-axe?
1 : a broadax formerly used as a weapon of war. 2 : a usually older woman who is sharp-tongued, domineering, or combative.
Battle x properties tend to be harder to sell……..are usually priced at the lower range of average prices in its surrounding area.
What is battle AXE arrangement?
How big does a block have to be to subdivide?
600 square metres
Blocks must be at least 600 square metres, or the minimum lot size according to council, whichever is greater. Blocks must be at least 18 metres wide.
What is Battleaxe lot?
A Hatchet Lot, also called a battle axe lot , is a lot that has been created behind a full-frontage lot and is accessable via an access easement or access strip. If there are multiple properties accessed via the easement then this access easement usually registered under the community title scheme.
Are battle-axe properties cheaper?
All in all, a battleaxe block is a cost-effective way to own a property with enhanced privacy and safety. Certain situations owning a battleaxe property may be costly such as building in restricted sites, but generally, they are cheap compared to buying a title from a vacant piece of land.
What is a house behind a house called?
Planners call them ADUs (Accessory Dwelling Units), but they’re also known as granny flats, in-law units, laneway houses, secondary dwelling units, and a hundred other names.
What are my rights with a shared driveway NSW?
The law says that your neighbour can use the easement to pass across your property to enter their property. Your neighbour should only be using the driveway for the short period it takes to drive or walk across it to enter their property and they should definitely not be parking their car there.
What is the smallest lot you can build on?
The zoning regulations require that for a house, the minimum square footage must be 120 square feet and it’s minimum plot size needs to be 320 square feet. There are additional regulations required for tiny houses and traditional homes.
Is subdividing land profitable?
Subdividing property is a great way to boost profits. When you divide one property into two or more you’ve added value to the property simply by registering the new lots. Involves converting a single title into multiple titles e.g. splitting up block of 10 units on one title into 10 separate titles.
How are battle axes used in real estate?
Battle axes are often the product of property developers subdividing a wide block of land into a battle-axe unit. This kind of block is simply a larger block that is subdivided, leaving one block on the front and one block on the back.
Who is the owner of a battle axe block?
You may check your local council webpage or consult with a professional to know more about the legalities of purchasing or owning battleaxe block. The person who owns the battleaxe driveway depends on how the land was subdivided. If the land was a strata subdivision the driveway will most likely be common property.
How much does a battle axe block cost?
There are a lot of upfront expenses that you need to shoulder if you want to create a battle axe block from scratch. A Battle Axe block will cost you around 25,000 dollars. You need to provide for power, phone, gas, sewer, water and more. However, one thing that can easily add up is retaining walls so be aware of this.
Can you buy a house on a battleaxe block?
Purchasing properties on a battleaxe block needs special consideration and understanding because of its somewhat complex layout and possibly legal issues by council and the R-codes when building. Many people hate them, some like them, but whatever your preference, at some point in your life as a homeowner, you will encounter a property like this.