91 Pechey Street, CHERMSIDE QLD 4032
Development Feasibility Analysis in Chermside, QLD
A 703 sqm low-medium density site in Chermside, this 4-apartment project produces a negative 9.8% margin on $2,990,182 in total costs. Net loss is $292,182 against $2,698,000 in revenue from apartments priced at $674,500 each. Land at $778,125 is the key cost pressure in an area where apartment values remain moderate.
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Frequently Asked Questions
Is a 4-apartment project viable on Pechey Street?
No. Net loss is $292,182 on total costs of $2,990,182, a negative 9.8% margin.
What sale price is assumed per apartment?
$674,500 per apartment, producing total revenue of $2,698,000 across four dwellings.
What is the land cost?
$778,125 on the 703 sqm Chermside block.
What zone is this property in?
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).