1176/56 Scarborough Street, SOUTHPORT QLD 4215
Development Feasibility Analysis in Southport, QLD
This 420 sqm Southport site under the low-medium density residential zone is modelled for a duplex, but the project loses $226,359 at a negative 11.0% margin. Total costs of $2,053,359 exceed revenue of $1,827,000 by a significant amount for a two-dwelling project. Land at $510,000 and sale prices of $913,500 per unit define the poor economics.
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Frequently Asked Questions
Is a duplex at 1176/56 Scarborough Street Southport viable?
No. The project loses $226,359 on $2,053,359 total costs, a negative 11.0% margin.
What is the sale price modelled per duplex unit?
$913,500 per dwelling.
What is the land area and price?
420 sqm at $510,000.
Is the small site size a factor?
At 420 sqm the site is constrained. Construction costs per square metre rise on smaller sites, compressing margins further.
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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).