12 Willcox Avenue, PROSPECT SA 5082
Development Feasibility Analysis in Prospect, SA
Prospect's EN zone allows a duplex on this unusually large 1,981 sqm site, but the project is unprofitable with a $441,949 loss at negative 19.6% margin. Total costs of $2,250,949 against revenue of $1,809,000 reflect low sale prices of $904,500 per unit against $653,250 land. Only two dwellings are achievable under current zoning, limiting total revenue.
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Frequently Asked Questions
Is a duplex at 12 Willcox Avenue Prospect viable?
No. The project loses $441,949 at negative 19.6% margin.
Why is a site this large producing only 2 dwellings?
The EN zone in Prospect restricts density. Despite the 1,981 sqm area, only a duplex is permitted under this zoning.
What is the duplex sale price per unit?
$904,500 per dwelling.
What is the land cost?
$653,250 for the 1,981 sqm site.
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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).