121 Holmead Road, EIGHT MILE PLAINS QLD 4113
Development Feasibility Analysis in Eight Mile Plains, QLD
This 3,789 sqm site in Eight Mile Plains supports a 12-unit apartment development under the low-medium density residential zone. Net profit is $551,082 on total costs of $6,865,469, producing an 8.0% margin. Sale prices are modelled at $618,046 per apartment, which sits below the local median unit price of $650,575.
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Frequently Asked Questions
What is the development verdict for 121 Holmead Road?
Marginal. The 8.0% margin produces $551,082 net profit but falls well short of a typical developer hurdle of 15%.
How many dwellings can be built?
12 apartments are modelled for this site under its low-medium density zoning.
What is the land cost versus total project cost?
Land is $564,000; total project cost including construction and holding costs is $6,865,469.
How does the apartment sale price compare to the local market?
$618,046 per apartment is modelled, compared to an Eight Mile Plains median unit price of $650,575.
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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).