8a Gilbert Street, NORWOOD SA 5067
Development Feasibility Analysis in Norwood, SA
A duplex is modelled on this 640 sqm Norwood EN-zone site with a $141,435 loss at negative 5.5% margin. Total project cost is $2,571,435 against revenue of $2,430,000, using the same land and sale price inputs as comparable Norwood duplex sites. At $877,500 land cost, a 2-dwelling project in Norwood currently does not produce a positive return.
Loading interactive analysis...
Frequently Asked Questions
Is the duplex at 8a Gilbert Street viable?
No. It loses $141,435 at negative 5.5% margin, consistent with the Norwood EN duplex group.
What is the apartment sale price?
$1,215,000 per unit.
What is the site area and land cost?
640 sqm at $877,500.
What would make a duplex viable in Norwood?
Land below approximately $735,000, or duplex sale prices above $1,350,000 per unit, would produce a 10% margin at current construction costs.
More Reports in Norwood
Nearby Suburbs
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).