26 Alexander Street, BOX HILL VIC 3128
Development Feasibility Analysis in Box Hill, VIC
NRZ5 zoning restricts this 728 sqm Box Hill site to a duplex, and the numbers do not stack up. Two dwellings at $1,097,100 each generate $2,194,200 in revenue, but total project cost is $2,944,562, producing a loss of $750,362. The margin is -25.5%, one of the weakest in this suburb.
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Frequently Asked Questions
Why is a duplex on 26 Alexander Street unprofitable?
NRZ5 limits yield to two dwellings. At $1,097,100 per dwelling, revenue of $2,194,200 falls $750,362 short of the $2,944,562 total cost.
What is the land price at this address?
$1,098,000. This is the dominant cost driver, representing 37% of total project cost.
What zone is 26 Alexander Street in?
NRZ5 (Neighbourhood Residential Zone 5), which typically limits development to one or two dwellings per lot.
Could a different project type improve outcomes here?
Under NRZ5, options are limited. A single dwelling renovation or house-and-land approach may yield a better return than a two-dwelling split at these land values.
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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).