30 Nicklin Street, COORPAROO QLD 4151
Development Feasibility Analysis in Coorparoo, QLD
Coorparoo's low-medium density zone permits a duplex on this 592 sqm site, but the numbers do not support it at current land values. Total project cost of $2,736,934 against revenue of $2,412,000 produces a $324,934 loss and a negative 11.9% margin. At $1,005,000 land cost, each duplex unit would need to sell above $1,368,000 to break even, well above the $1,206,000 sale price estimate.
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Frequently Asked Questions
Is a duplex at 30 Nicklin Street profitable?
No. The feasibility returns a loss of $324,934 on a total project cost of $2,736,934, a margin of negative 11.9%.
What is the estimated sale price per duplex unit?
$1,206,000 per dwelling, based on Coorparoo comparable sales.
What is the land area and zone?
592 sqm, zoned low-medium density residential in Brisbane City Council.
What land price makes a duplex viable here?
Land would need to be purchased below approximately $680,000 for the duplex to achieve a 10% development margin.
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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).