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Adjoining Properties

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StartingOut | 04 Feb 2015, 08:59 PM Agree 0
I recently bought a house on a reasonable size block in a suburb which has shown slow but solid growth. My intention with the property was to hold onto it for approximately 15 years and then consider subdividing and building two new houses to then sell. I have now found out that the two adjacent properties are about to become available for sale, each on similar size blocks. Financially I could just afford to buy both adjacent properties but it would be tight.

I am uncertain of whether it is worth pushing myself financially to purchase the adjacent properties and would love some advice on whether owning and potentially selling three adjacent properties (with or without having developed them) at the same time at a later date is worth the extra effort now.
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