529 Montague Road, MODBURY SA 5092
Development Feasibility Analysis in Modbury, SA
Modbury's HDN zone supports a 4-apartment development on this 900 sqm site, but the project produces a $448,216 loss at negative 17.6% margin. Total costs of $2,547,716 exceed revenue of $2,099,500 at $524,875 per apartment. The same land cost of $507,000 applies across Modbury sites, and the 4-dwelling format cannot achieve scale efficiency.
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Frequently Asked Questions
Is the apartment project at 529 Montague Road viable?
No. It loses $448,216 at negative 17.6% margin, identical to 6 Ruth Court in the same suburb.
What zone applies?
HDN (Housing Diversity Neighbourhood) zone, Modbury SA.
What is the land area and cost?
900 sqm at $507,000.
What apartment sale price is used?
$524,875 per unit based on Modbury sales data.
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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).