Viveash

Aquaviva Viveash, Duplex

Aquaviva Viveash, Duplex

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Two Storey Home on Duplex Lot Subdivision Corner Block in Viveash

Client Background

Our client recently acquired a vacant land with the intention of subdividing it into two lots. Their goal was to create a comfortable living space for their family while leaving room for future investment opportunities.

Project Goals

  1. Lot 1: Build a two-storey home tailored to the client’s family needs.
  2. Lot 2: Keep the second lot vacant for future developments or sale.

Our Approach

Lot 1: We designed and built a stunning two-storey home on the first lot, customized to suit the lifestyle of our client and their two teenage children. The home features:

  • Spacious living areas
  • Modern amenities
  • Family-friendly design

Lot 2: The second lot was left vacant to provide flexibility for future use. This strategic decision offers multiple benefits:

  • Capital Appreciation: The value of the vacant lot continues to appreciate, serving as a future retirement fund.
  • Future Development Options: The client has the option to build on the second lot in the future, offering:
    • A potential home for their children
    • An asset to sell
    • Rental income opportunities

Results and Benefits

Expert Subdivision Developments Our expertise in subdivision developments ensured that the project was executed efficiently, maximizing the potential of both lots.

Custom Home Building The client’s new home provides a comfortable and stylish living space, perfectly suited to their family’s needs.

Flexible Investment Opportunities The strategic planning of the secondary lot allows for future flexibility, ensuring the client’s investment continues to grow.

Conclusion

By choosing JAV Developments, our client successfully transformed their vacant land into a valuable asset. The primary lot offers a beautiful home for their family, while the secondary lot remains a flexible investment for future gains.

Project Details

Location

Aquaviva Viveash, WA

Year of Build

2024 – 2025 (current)

Zoning

R60

Size of Block

503m2 split into 2 blocks (259m2 and 244m2)

Total Build Area

296m2 on Lot 1. Lot 2 left vacant

Land Value

$437,000

Building Cost

$705,000

Financial Outcomes

>$400,000 uplift in value