107-111 Smart Road, MODBURY SA 5092
Development Feasibility Analysis in Modbury, SA
This large 4,487 sqm Modbury site in the UAC zone is modelled for 14 apartments, returning a $39,293 loss at negative 0.5% margin. Total project cost is $7,387,543 against revenue of $7,348,250, essentially breakeven. At $507,000 land cost and $524,875 per apartment, the project sits on the edge of feasibility but offers no meaningful return.
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Frequently Asked Questions
Is the 14-apartment project at 107-111 Smart Road viable?
No. It loses $39,293 at negative 0.5% margin, effectively breakeven with no developer return.
What is the apartment sale price?
$524,875 per unit based on Modbury comparable sales.
What zone applies to this site?
UAC (Urban Activity Centre) zone in Modbury, SA 5092.
What is the land cost relative to total project cost?
Land at $507,000 is only 6.9% of the $7,387,543 total project cost, meaning construction drives the bulk of expenses.
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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).