Feasibility › VIC › Camberwell › 88 Prospect Hill Road, CAMBERWELL VIC 3124

88 Prospect Hill Road, CAMBERWELL VIC 3124

Development Feasibility Analysis in Camberwell, VIC

HCTZ2 zoning on this 451 sqm Camberwell site supports a duplex, and the project returns a marginal 2.0% profit. Total cost is $3,429,547 against revenue of $3,497,400, producing a net profit of $67,852. At only 451 sqm, this is the smallest site analysed in Camberwell and the limited size constrains the development yield.

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Frequently Asked Questions

Is the duplex at 88 Prospect Hill Road financially viable?

Marginally. Net profit is $67,852 at 2.0% margin on total costs of $3,429,547.

What zone applies here?

HCTZ2, which permits higher density than NRZ zones. However, at 451 sqm the site area limits the practical yield to a duplex.

What is the land price and sale price assumed?

Land is $1,395,000. Sale price per dwelling is $1,748,700, producing $3,497,400 in total revenue from two dwellings.

Could a 3-townhouse project work on this site?

At 451 sqm, a 3-townhouse configuration is unlikely to meet minimum lot size requirements per dwelling under HCTZ2 planning provisions.

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Nearby Suburbs

Thornbury (8) Northcote (5) Coburg (5) Clayton (5) Preston (5)

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).