845 North East Road, MODBURY SA 5092
Development Feasibility Analysis in Modbury, SA
In Modbury's HDN zone, this 1,108 sqm site is modelled for 6 apartments at $524,875 each. Total costs of $3,515,681 against revenue of $3,149,250 produce a $366,431 loss at negative 10.4% margin. The same land price of $507,000 applies across all Modbury sites, so the higher dwelling count on a mid-sized lot does not resolve the viability gap.
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Frequently Asked Questions
Is the 6-apartment project at 845 North East Road viable?
No. The project loses $366,431 at a negative 10.4% margin.
What zone applies?
HDN (Housing Diversity Neighbourhood) zone in Modbury, SA.
What is the apartment sale price?
$524,875 per unit.
How does this compare to the 14-apartment project nearby at Smart Road?
The larger 14-apartment project at Smart Road nearly breaks even. Fewer dwellings at 845 North East Road mean costs are spread across a smaller revenue base, resulting in a larger loss.
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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).