4-6 Selvage Street, SUNNYBANK QLD 4109
Development Feasibility Analysis in Sunnybank, QLD
Sunnybank's low-medium density zone supports 3 townhouses on this 713 sqm combined site, but the project narrowly misses viability. Total costs of $3,518,208 exceed revenue of $3,456,000 by $62,208, a negative 1.8% margin. At $1,152,000 per townhouse, prices are reasonable but insufficient to cover the $960,000 land cost at this dwelling count.
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Frequently Asked Questions
Is the 3-townhouse project at 4-6 Selvage Street viable?
No. It falls $62,208 short of breakeven, returning a negative 1.8% margin.
What is the townhouse sale price?
$1,152,000 per dwelling based on Sunnybank market data.
What is the land cost?
$960,000 for the 713 sqm site.
Would adding a fourth dwelling improve viability?
128 Lister Street with 4 townhouses on a similar budget returns a 7.8% margin, suggesting a larger site with 4 dwellings is the better approach in Sunnybank.
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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).