You’ve no doubt noticed that Perth neighbours seem to be living in closer quarters these days. As demand for inner city dwellings continues to soar in line with evolving retail, dining and entertainment drawcards, councils are looking for ways to increase urban infill – one of which is changing zoning for land closer to the city.
That’s great news if you own a large block and are looking to unlock its true value. Zoning changes have opened the door for greater density, allowing many homeowners wishing to subdivide to fit more, on less, making triplex designs a popular development choice.
What is triplex development (Perth)?
Triplex homes are built on a single lot, and comprise three residences that share a roof or a wall. They allow unit builders to deliver more affordable options for renters and homebuyers looking to live in a better area, with investors looking at either long-term strategies focused on rental yields or short-term gains by on selling the properties once completed.
Why choose triplex floor plans?
Triplex building plans can be surprisingly affordable. Perth developers are attracted to the versatility of this investment option - you may live in one dwelling, while renting out the other, rent out all the units, or build and sell the lot. This versatility, allows for
And by focusing on triplex developments as a long-term wealth generating strategy, you stand to make a sound investment.
What block sizes are recommended by triplex builders (WA)?
Level blocks with the right zoning are highly sought after for triplex developments. As a guide blocks sized 700sqm to 1000sqm, zoned at or above R30 are preferable. A corner site usually makes development easier, while close proximity to amenities and a train station is always a must.
At Summit Projects, we can maximise your return on investment through quality triplex plans.
As trusted unit developers, Perth land owners trust Summit Projects to achieve impressive unit developments designed to appeal to both renters and buyers alike. Committed to optimising every square metre, our unit plans are key to unlocking the potential of your block.
For example, Summit Projects were recently called on to build a triplex development on a tight 728sqm block in Innaloo. As experienced triplex builders, our unit development expertise led to the successful completion of two single storey unit development plans, with a double storey unit at the rear - all featuring three bedrooms, two bathrooms and a large living-dining space and an outdoor courtyard. The single storey units received a single lockup garage and a car space, while the double storey was served by a twin lockup garage.
Another triplex development delivered by our unit builders was a corner site unit development in Wilson. Once completed, the investor was left with three beautifully finished street frontage units, all of which were rented out immediately. Highlights include three well-sized bedrooms, master with a walk-in robe, double garage with internal access, two bathrooms and spacious kitchens.
Unlock your block’s potential with the triplex developers Perth trusts, Summit Projects.
Partner with our team at Summit Projects and we’ll design unit floor plan that will maximise your triplex development investment. To discuss your triplex development plans, call us at Summit Projects today on 6555 3047.
Disclaimer: The information within this article is general information only and it does not constitute advice or recommendation. It does not take into account your financial situation, investment objectives or personal circumstances. Before making a decision about developing your property, you should seek independent financial, legal and taxation advice.