51 Meemar Street, CHERMSIDE QLD 4032
Development Feasibility Analysis in Chermside, QLD
Meemar Street in Chermside is a 680 sqm low-medium density block where a 4-apartment project returns a negative 9.8% margin. Net loss is $292,182 on $2,990,182 in total costs against $2,698,000 in revenue. The same land cost of $778,125 and apartment price of $674,500 apply as for the Pechey Street site nearby.
Loading interactive analysis...
Frequently Asked Questions
What is the development outcome?
Not viable. Net loss is $292,182 on total costs of $2,990,182, a negative 9.8% margin.
What zone applies?
Low-medium density residential in Chermside QLD 4032.
What are the apartment sale prices?
$674,500 per apartment, totalling $2,698,000 in revenue across four dwellings.
What is the land cost?
$778,125 on the 680 sqm site.
More Reports in Chermside
Nearby Suburbs
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).