Rivervale

Project Overview

Group of 4 Townhouses Development in Rivervale
This case study showcases a successful townhouse development in Rivervale, Western Australia, aimed at potential developers seeking to engage a reliable builder. The project involved transforming a single dwelling into four modern townhouses, designed to meet the needs of busy professionals and business owners.

Key Details

• Location: Rivervale, WA
• Block Size: 996 m²
• Land Purchase Price: $780,000 (purchased mid-2023)
• Number of Dwellings: 4 townhouses
• Dwelling Specifications: Each townhouse features 4 bedrooms, 3 bathrooms, 3 WCs, and a 2-car garage.

Design and Planning

The design phase included comprehensive services to ensure a seamless development process:

• Inclusions:
  • Contour and Feature Survey
  • Architectural Design and Internal Layout
  • Stormwater and Structural Engineering
  • Lighting and Electrical Plans
  • Energy Efficiency Report
  • Liaison with Council and Owner
• Exclusions: Acoustic Report and Planning Report (not typically required)
• Design Fee: $43,475 including GST
• Duration: 8-10 months, including up to 3 months for Planning Approval from the Council

Subdivision and Construction

• Subdivision Works: Converting the existing single dwelling into four new titles, involving fees for WAPC and Landgate, as well as settlement agent costs.
• Subdivision Fee: $19,736
• Construction Cost: $2,090,000 including GST.
• Construction Duration: 18-20 months, accounting for current labour market conditions

Construction Philosophy

The project followed a “one-stop-shop” approach, handling every detail from design to construction, ensuring a hassle-free experience for the client. The building structures featured concrete floors, double brick walls, and metal roofing, while the interior and exterior finishes were meticulously crafted, including cabinetry, flooring, tap wares, and landscaping.

Market Insights

• Rental Market: Comparable suburbs show a rental expectation of $1,000 – $1,300 per week. The rental market in WA is tight, with prices expected to rise over the next 1-2 years.
• Selling Market: Comparable properties in nearby suburbs indicate an expected selling price of around $800,000.

Conclusion

This Rivervale townhouse development exemplifies a well-executed project, offering potential developers a clear blueprint for success. With thoughtful design, efficient planning, and quality construction, it serves as an ideal model for those looking to invest in residential development in Western Australia.