3/249 Harts Road, INDOOROOPILLY QLD 4068
Development Feasibility Analysis in Indooroopilly, QLD
This 1,156 sqm Indooroopilly site carries a higher land cost of $1,140,000, which compresses the margin on a 6-unit apartment project. Revenue of $4,617,000 against costs of $4,498,313 produces $118,686 net profit at just 2.6%. The sale price of $769,500 per unit cannot absorb the elevated land price at current construction costs.
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Frequently Asked Questions
Is the apartment project at 3/249 Harts Road viable?
Marginally at best. A 2.6% margin is $118,686 net profit, with no buffer for cost overruns or slower sales.
Why is the margin lower than comparable Indooroopilly sites?
Land cost is $1,140,000, significantly higher than comparable sites at $922,500, which reduces profit by roughly $217,000.
How many units and at what sale price?
6 apartments at $769,500 each, totalling $4,617,000 in revenue.
What is the land area?
1,156 sqm in Indooroopilly's low-medium density residential zone.
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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).