1 Huntingfield Road, BRIGHTON VIC 3186
Development Feasibility Analysis in Brighton, VIC
NRZ3 zoning limits this 902 sqm Brighton site to a duplex, and the margin is marginal at 6.1%. Two dwellings at $2,020,500 each produce $4,041,000 in revenue against total costs of $3,809,977, giving a net profit of $231,022. High land value at $1,683,750 is the primary constraint.
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Frequently Asked Questions
Is the duplex at 1 Huntingfield Road financially viable?
Marginally. Net profit is $231,022 at a 6.1% margin. The project is profitable but has limited buffer.
Why is the margin low for a Brighton property?
NRZ3 restricts the site to two dwellings. Despite high sale prices of $2,020,500 each, the land cost of $1,683,750 compresses the margin.
What zone applies to this site?
NRZ3 (Neighbourhood Residential Zone 3), which limits development to two dwellings on most residential lots.
What is the total project cost for the duplex?
$3,809,977, including land at $1,683,750 and construction costs for two dwellings.
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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).