Maximising your blocks potential with a triplex development solution
Case Study: Markham Way, Balga
Markham Way, Balga is a triplex multi-unit development designed for our clients Nick and Rosanna; designed and constructed to maximise their investment potential. Nick and Rosanna had owned their investment home for many years and decided to capitalise on the property location and large block by building three investment homes to increase their overall rental return.
The block offered a great foundation to build three investment properties, being a level corner block with a lot width of 27m and a total block size of 830sqm. This was advantageous as each of the three villas were built with an individual street frontage, a driveway for each villa, as well as privacy from the neighbouring home; a great feature for prospective buyers or renters as often multi-unit developments need to share a driveway due to block size or building parameters.
Not only do each of the homes have their own privacy and individual property access, but due to the block size each home is large enough to accommodate an open plan, flowing floor plan ideal for a range of home occupiers; professional couples, families, retirees or downsizers. Each home has an individual address, which can often be appealing to buyers as the home appears to be more premium, for example; 1 Markham Way rather than 1a Markham Way. Each property was built to our Premium Inclusion Specification with the addition of ducted air conditioning for an additional selling and/or rental earning potential. Our Premium Specification features tiling to main living areas and bathrooms, carpets to all bedrooms, air conditioning and alarm, plus paving and landscaping; a one-stop-shop solution for many developers as the property is ready to lease or sell soon after handover.
Each of the three villas has a three-bedroom, two-bathroom layout; with a family bathroom and en-suite to the master. The living areas all have an open plan kitchen, dining and living area which leads to an alfresco courtyard; bringing the outside in and provides an ideal layout for entertaining purposes; high on the priority list for professional couples and families. Flowing between each of the homes is green landscaping, tying the properties together with floral and green features and complimenting external render colour and enhancing the feeling of space and seclusion.
One of the top 2017 suburbs for renters, Balga is set to provide a great return for our clients, with 31 percent of residents being within the age of 25-34 years and seeking an affordable property with close proximity to the city. Balga is also sought-after due to its schooling options and tertiary education pathways as well as plentiful public transport and nearby amenities.
To get started on your development journey and to maximise your investment potential, contact the Ultimo Constructions team today.