We have just put our house on the market. This flat-roofed Contemporary design house cost us $91,000 three and a half years ago and the agent tells us that we should be able to get $150,000 or more for it as a developement property. The block is big enough at just over one eighth of an acre, to get two "villa" style or two storey townhouses on or even a really good single home with a bit of backyard. Of course, it could also be renovated if someone wanted to put the time, effort, and most especially money into doing it
The good news is that we have also made an offer on another home no more than half a mile away but a world away in style and condition. It has four bedrooms instead of three, an ensuite bathroom, a family room , a big outdoor entertaining area, and a fully lined and powered workshop plus a couple of smaller sheds. The only real problem (if we get this place) is going to be getting the bench , lathe, and other machinery into the workshop. the drive is steep ( downhill ) and the path from the carport to the workshop isn't exactly wide or smooth. But, enough muscle and a few wheels can put anything anywhere. The Egyptians built the pyramids with just muscle and a few rollers after all.
The most important thing is that the Boss is happy that this place is on the market and will be happier when we get a new place.