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SUBDIVISION
After the Residential Zone is confirmed (early 2025), a Subdivision Masterplan will be submitted for assessment. The current draft of this plan is featured below, highlighting four phases of land division and sales.
Echoing the nostalgic Australian dream, Phase One exclusively offers Quarter Acre Blocks.
This gives Coconut Grove a unique value proposition, one that will raise awareness and
attract buyers quickly.
Bowman Road
800m
Ellis Road
380m
Public
Reserve
01 02 03 04 05 06 07 08 09 10 11 12 13 14 15 16
17 18 19 20 21 22 23 24 25 26 27 28
29 30 31 32 33 34 35 36 37 38 39 40
41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56
North >
PHASE ONE
PHASE THREE
PHASE TWO
PHASE FOUR
25m
40m
Lots 01 - 56
Width 25m x Depth 40m = Area 1,000sqm
(Quarter Acre Blocks)
C O C O N U T G R O V E
SUBDIVISION MASTER PLAN
November 2024
Two new home designs that fit perfectly onto quarter acre blocks are included below. These homes have been designed in South Australia, taking into account regional weather conditions and market trends.
Where an owner intends to build in a duplex manner or split their land title into two (eg 18a & 18b), then the following two homes exemplify stylish, achievable options for narrow blocks.
The Public Reserve in Phase One is envisioned to host an energising children's playground, similar to the family precinct shown below, designed and manufactured in South Australia.
Upon reviewing the sales of Phase One, consideration will be given to repeating the Masterplan across the remaining three phases. In this case, a total of 224 quarter acre blocks would likely become available.
In the following valuation, and to cater for a 10% contingency, a total of only 200 quarter acre blocks has been calculated. This allows for any unexpected easements or property reductions required in the subdivision process, providing investors with a conservative baseline to forecast from.
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