14 Windemere Crescent, VARSITY LAKES QLD 4227
Development Feasibility Analysis in Varsity Lakes, QLD
At 400 sqm, this is the smallest Varsity Lakes site in the batch, modelled for a 2-apartment build under the low-medium density zone. Total costs of $1,990,790 against revenue of $1,510,500 produce an $480,290 loss at negative 24.1% margin. Land at $804,000 on a 2-dwelling project means the cost per unit is not recoverable at $755,250 sale prices.
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Frequently Asked Questions
Is the 2-apartment project at 14 Windemere Crescent viable?
No. The project loses $480,290 at negative 24.1% margin.
What is the apartment sale price?
$755,250 per unit.
Why is the loss large on only 2 dwellings?
Land at $804,000 must be spread across only 2 units, making land cost per dwelling $402,000 before any construction spend.
What is the site area?
400 sqm, the smallest in the Varsity Lakes group.
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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).