9 Nielson Street, CHERMSIDE QLD 4032
Development Feasibility Analysis in Chermside, QLD
Nielson Street in Chermside is a 658 sqm low-medium density block with the same 4-apartment outcome as the other Chermside sites. Net loss is $292,182 on $2,990,182 in costs against $2,698,000 in revenue, a negative 9.8% margin. Land at $778,125 and apartment prices at $674,500 each are consistent across the Chermside subset.
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Frequently Asked Questions
Does this site produce the same loss as nearby Chermside properties?
Yes. All three 4-apartment sites in Chermside record the same $292,182 net loss at negative 9.8%, applying the same land and revenue benchmarks.
What is the land cost?
$778,125 on the 658 sqm block.
What sale price is assumed per apartment?
$674,500 per apartment, giving $2,698,000 in total revenue.
What zone applies?
Low-medium density residential in Chermside QLD 4032.
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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).