55 Stacey Street, BANKSTOWN NSW 2200
Development Feasibility Analysis in Bankstown, NSW
Bankstown's R2 zone allows a duplex on this 662 sqm block, but the numbers do not work. Total revenue of $2,475,000 falls $351,922 short of the $2,826,922 project cost, producing a negative 12.4% margin. The land was acquired at $846,000, and construction costs push the total beyond what two dwellings at $1,237,500 each can recover.
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Frequently Asked Questions
What is the development outcome for this property?
Not viable. The project records a net loss of $351,922 on total costs of $2,826,922.
How large is the lot?
The site measures 662 sqm, zoned R2 Low Density Residential in Bankstown.
What revenue does the duplex generate?
Two dwellings at $1,237,500 each produce total revenue of $2,475,000.
What is the main cost driver?
Land at $846,000 combined with construction and holding costs exceeds the achievable sale prices in this Bankstown precinct.
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DISCLAIMER: This analysis is generated by automated algorithms for informational purposes only. It does not constitute financial, investment, or legal advice. Actual development costs, revenues, and returns may vary significantly from these estimates. Users should consult qualified professionals including a registered quantity surveyor, accredited town planner, and solicitor before making any investment decisions. DA Leads Australia Pty Ltd holds no Australian Financial Services Licence (AFSL) and is not authorised to provide financial product advice under the Corporations Act 2001 (Cth).