How to tell if you are sitting on a property goldmine

Miriam Bell05:00, May 02 2021
MARTIN DE RUYTER/STUFF
Jason Mudgway is seeking approval to turn his rural property, south of Nelson, into a subdivision for affordable housing. Video first published in August 2020.
If your home sits on a large block of land, you might have wondered about the possibility of subdividing it to build another house, or sell to a developer.
But it’s not just the size of a section that determines whether you have a goldmine waiting for you to cash in.
There are a number of factors that make a residential section attractive, workable and potentially profitable to either a developer keen to provide new housing, or to someone looking to develop a property for their own needs.

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