Adelaide homeowners cashing in by selling backyards separately

Savvy homeowners are making the most of Adelaide’s property boom by selling their houses and backyards separately. Savvy homeowners are making the most of Adelaide’s property boom by selling their houses and backyards separately. Battle-axe or hammerhead blocks – which are residential lots positioned behind a streetfront property and are connected to the road by a narrow strip of land that forms a driveway – are not new. They have become more profitable in recent years though as property prices have skyrocketed right across Adelaide. 27A Ansbert St, Christie Downs. 27A Ansbert St, Christie Downs. Harcourts Morphett Vale managing director Shane Moore said they had become more appealing to homeowners over the past six to seven years because they could get more money for the two properties, as well as prospective buyers searching for affordable lots. “It has always been going on but there just hasn’t been as much profit in them,” he said. “If you can retain the existing dwelling, there’s more money in the project.” Mr Moore is selling one at Christie Downs with a $339,000 to $359,000 price guide. It comes just months after he sold the house positioned in front of it for $672,000, acco...