Subdivided Land, Double Blocks / Multiple Lots

SUBDIVISIONS, DOUBLE BLOCKS AND MULTIPLE LOTS

Purchasing land in multiple allotments is an underused (and not widely known) real estate investment strategy. When two or more lots are on one title, separate titles can be created without going through the complex and time-consuming subdivision process. Depending on where the property is, separate titles can be achieved within 2-4 weeks without the need for town planning or applying for a plan of subdivision. Usually, a conveyancer can apply for separate titles at the local title office.

With REDA, you can sign up and get access to the best double block and multiple lot real estate listings from around Australia, including subdivided land for sale. Using targeted search algorithms, we crawl the biggest and best real estate websites to bring you comprehensive property listings you can filter, search and browse. New listings are always being added to ensure you never miss a bargain.

Sign up to REDA to and take advantage of our free 30-day trial membership. Access all our premium features and browse our complete listings of under-market value and off-market real estate deals today.

WHY INVEST IN MULTIPLE LOTS?

Buying multiple lots and applying a split-and-flip strategy is a great way to generate multiple sales from a single purchase and earn a nice profit. However, because of the costs and complexities associated with subdividing, many people don’t even consider splitting up multiple allotments.

In fact, many real estate agents and vendors are unaware that some double lots can be sold individually without the hassle of subdividing, which means they may not realise their true potential. This allows for the opportunity to pick up these properties below market value.

In some cases, the vendor may be aware that the lots could be sold separately, but they’ve decided that it’s easier to sell the property in a single transaction.

Double blocks with the house set to one side of the block, where the house doesn’t straddle or encumber the lot next to it, can also be incredibly lucrative. Provided no planning overlays restrict the use of the empty lot, the titles can be separated with no development costs, town planning, or council requirements.

RISKS ASSOCIATED WITH MULTIPLE LOTS

Investing in multiple lots involves doing some serious due diligence. You must check each lot for the appropriate utility connections, including water, gas, electricity, sewerage, internet, and phone. Other major considerations include title restrictions, planning overlays, zoning, boundaries, and vehicle access. For double blocks with a structure, it’s important to ensure that the structure doesn’t encumber the boundaries at any point.

You should also check with your conveyancer to ensure that the individual lots can be safely and legally separated and sold before you purchase. 

SIGN UP TO REDA TODAY

To start browsing our comprehensive multiple lots and double block listings, sign up today for a free 30-day trial. You’ll get immediate access to all our premium features, including our complete database of under-market value and off-market real estate listings, our expert property investment resources, and more. You can also call our team to learn more about how our platform can help you find the perfect investment property for your portfolio.