Subdivision and New Residence in Glebe waterside

Project Name/Address: Alexandra Glebe

Development Type: Two Lot Subdivision and new residence. 

Timeline: 2020 - 2022

•  Market Demand: A large block in bordering Jubilee Park in the CBD fringe. Close to Glebe waterfront.
• Zoning & Permissibility: R1, Heritage Conservation Area
• Physical Attributes: Appealing Victorian house in a poor condition with a large backyard for subdivision.

• Regulatory/Planning: Heritage Restrictions for the existing dwelling meant creative renovations and excavation to create a three storey Victorian manor. New Two Storey modern residence at the rear. 

• Financial Metrics: 100% Return on Investment (ROI).
• Time: 2 years
• Target Audience: Sold to a local family after strong market demand for a unique site.