88B Queen Street, NORWOOD SA 5067
Development Feasibility Analysis in Norwood, SA
Norwood's EN zone supports a duplex on this 659 sqm site, but the project is unprofitable. At $877,500 land and $1,215,000 per unit, total costs of $2,571,435 exceed revenue of $2,430,000 by $141,435, a negative 5.5% margin. The result is consistent with other Norwood EN duplex sites at this land price.
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Frequently Asked Questions
Is the duplex at 88B Queen Street Norwood viable?
No. The project loses $141,435, a negative 5.5% margin on $2,571,435 total cost.
What is the modelled sale price per unit?
$1,215,000 per duplex dwelling.
What is the land cost?
$877,500 for the 659 sqm site.
What zone applies?
EN (Established Neighbourhood) zone, Norwood SA 5067.
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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).