130 Coreen Avenue, PENRITH NSW 2750
Development Feasibility Analysis in Penrith, NSW
Zoned R3 in Penrith, this 884 sqm site supports a 4-apartment project that returns a negative 30.3% margin. Net loss is $996,539 on $3,286,039 in total costs with each apartment benchmarked at $572,375. Low apartment values in Penrith relative to construction costs make the 4-unit model unviable.
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Frequently Asked Questions
What type of development is modelled on this site?
Four apartments, each priced at $572,375, on a 884 sqm R3 block in Penrith.
What is the net loss?
$996,539 on total project costs of $3,286,039, a negative 30.3% margin.
What is the land cost?
$828,000 on the 884 sqm Penrith lot.
Why are apartment projects difficult in Penrith?
Apartment sale prices in the area average around $572,375, which is too low to support the construction and holding costs of a 4-unit build.
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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).