144 Winmalee Road, BALWYN VIC 3103
Development Feasibility Analysis in Balwyn, VIC
This 1,636 sqm Balwyn site in the NRZ3 zone supports a duplex, returning an $85,626 loss at negative 2.5% margin. Total project cost is $3,379,626 against revenue of $3,294,000 based on $1,647,000 per unit. Land at $1,372,500 is the same benchmark as other Balwyn NRZ sites, placing all duplex projects just below breakeven.
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Frequently Asked Questions
Is the duplex at 144 Winmalee Road Balwyn viable?
No. It loses $85,626 at negative 2.5% margin.
What zone applies?
NRZ3 (Neighbourhood Residential Zone 3), Balwyn VIC 3103.
What is the sale price per duplex unit?
$1,647,000 per dwelling.
How close is this project to profitability?
The project is $85,626 short of breakeven. A 5% reduction in land price to approximately $1,303,000 would push the margin into positive territory.
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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).