7 Royston Avenue, BERWICK VIC 3806
Development Feasibility Analysis in Berwick, VIC
This 848 sqm GRZ1-zoned Berwick site is modelled for 6 apartments at $557,650 each, returning a $676,799 loss at negative 16.8% margin. Lower land at $606,000 compared to 86 Marisa Crescent reduces the loss by $161,000, but the project remains unprofitable. Total project cost is $4,022,699 against revenue of $3,345,900.
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Frequently Asked Questions
Is the apartment project at 7 Royston Avenue Berwick viable?
No. It loses $676,799 at negative 16.8% margin.
What is the apartment sale price?
$557,650 per unit.
How does land cost affect the result versus 86 Marisa Crescent?
Land here is $606,000 versus $756,000, reducing the loss from $838,054 to $676,799, but the project is still not viable.
What zone applies?
GRZ1 (General Residential Zone 1), Berwick VIC 3806.
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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).