1-12/45 Blackwood Street, CARNEGIE VIC 3163
Development Feasibility Analysis in Carnegie, VIC
A 556 sqm NRZ1 site in Carnegie, this house-and-land project produces a viable 24.9% return. Total cost is $1,217,227 against a sale price of $1,519,875, delivering a net profit of $302,647. The result reflects the single-dwelling format where land at $354,000 and construction costs are well covered by the end sale value.
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Frequently Asked Questions
Is the house-and-land project at 45 Blackwood Street financially viable?
Yes. Net profit is $302,647 at a 24.9% margin on total costs of $1,217,227.
What zone applies and what does it permit?
NRZ1 (Neighbourhood Residential Zone 1). For this site, the analysis is based on a single dwelling house-and-land format.
What is the land price and final sale value?
Land is $354,000 and the completed house-and-land package is valued at $1,519,875.
Why does a single-dwelling project work here when duplexes in NRZ1 often don't?
The land price of $354,000 is low relative to the $1,519,875 sale value, leaving enough margin after construction. NRZ1 duplexes fail when land prices are high relative to the capped two-dwelling yield.
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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).