2 Thurston Street, BOX HILL VIC 3128
Development Feasibility Analysis in Box Hill, VIC
RGZ1 zoning on this 597 sqm Box Hill site supports three townhouses, and the project returns a thin positive margin. Total cost is $3,149,191 against revenue of $3,291,300, producing a net profit of $142,108 at 4.5%. Sale prices are set at $1,097,100 per dwelling on a land acquisition of $914,250.
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Frequently Asked Questions
Is the 3-townhouse project at 2 Thurston Street viable?
Technically yes, but the 4.5% margin is very thin. Net profit is $142,108 on a total cost of $3,149,191.
What zone applies to this site?
RGZ1 (Residential Growth Zone 1), which supports medium-density development including townhouses.
What are the sale price assumptions for this project?
$1,097,100 per townhouse. Three dwellings produce $3,291,300 in total revenue.
What is the margin risk on this project?
At 4.5%, any cost overrun or sale price shortfall would push this project into a loss. Construction contingencies of even 5% would eliminate the profit entirely.
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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).