6 Albert Street, PROSPECT SA 5082
Development Feasibility Analysis in Prospect, SA
Prospect's EN zone supports a duplex on this 1,034 sqm site with the same negative result as the other Prospect sites in this report. Total costs of $2,250,949 exceed revenue of $1,809,000 by $441,949, a negative 19.6% margin. Land at $653,250 and duplex sale prices of $904,500 each produce no viable return.
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Frequently Asked Questions
Is the duplex at 6 Albert Street Prospect viable?
No. The project loses $441,949 at negative 19.6% margin.
What is the sale price per duplex unit?
$904,500 per dwelling.
What is the site area?
1,034 sqm in Prospect's EN zone.
What change would make a duplex viable in Prospect?
Land below $430,000 or sale prices above $1,050,000 per unit would be needed to achieve a 10% development margin.
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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).