6 Ruth Court, MODBURY SA 5092
Development Feasibility Analysis in Modbury, SA
Four apartments are modelled on this 1,046 sqm GN-zoned Modbury site, producing a $448,216 loss at negative 17.6% margin. Total project cost is $2,547,716 against revenue of $2,099,500. At $524,875 per apartment, sale prices are modest, and even the lower land cost of $507,000 cannot make 4 apartments stack up at current construction rates.
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Frequently Asked Questions
Is a 4-apartment project at 6 Ruth Court viable?
No. The project loses $448,216 on $2,547,716 total costs, a negative 17.6% margin.
What zone applies to this site?
GN (General Neighbourhood) zone, Modbury SA.
What is the apartment sale price?
$524,875 per unit.
Why does this site perform worse than Smart Road despite the same land price?
Only 4 apartments on this site versus 14 on Smart Road means construction cost per dwelling is higher and total revenue is far lower.
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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).