Triplex Property Development – turn one block into three!
As Perth local councils and other state government authorities look to increase the density of homes in suburbs across the Perth metropolitan area, opportunities to subdivide blocks into triplex property developments are more likely to be possible.
A triplex development is the creation of 3 dwellings on 1 block of land. The appeal for property investors is the increased potential returns that can be realised by building 3 properties whether they are for sale or for renting.
Triplex developments can be single storey units or 2 storey town houses. The most common accommodation configurations are either 4 bedrooms with 2 bathrooms or 3 bedrooms with 2 bathrooms. These offer the best return on investment and will appeal to Perth renters and buyers alike.
It is this commitment to achieving you the best possible returns for your triplex property development that sets Vision One Projects apart from the rest. Our team of Perth property experts work one on one with you, walking you through the numbers. We take the time to analyse the potential returns via a comprehensive feasibility analysis to ensure the numbers stack up at the end of the project.
This ongoing commitment to ensuring you get the best possible return flows through to the design process too. We spend hours with our in-house design team, looking at your unique block configuration to create a design solution that will result in a cost effective build and a final product that will achieve the best possible resale value or rental return.
At Vision One Projects we genuinely care about the success of your project. This often times results in our clients coming to us with one idea in mind, but ultimately building something different. While you might think a triplex property development is perfect for your block, after running the numbers with us you might find it is better to build two larger townhouses, or conversely 4 smaller single storey units to get the best possible financial result.