11 Blackwood Street, CARNEGIE VIC 3163
Development Feasibility Analysis in Carnegie, VIC
GRZ2 zoning on this 1,007 sqm Carnegie site supports four townhouses, but the return is marginal at 3.3%. Total cost of $5,042,707 compares to revenue of $5,211,000, leaving a net profit of $168,292. Land at $1,305,000 and sale prices of $1,302,750 per dwelling create a tight spread between cost and revenue.
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Frequently Asked Questions
Is the 4-townhouse project at 11 Blackwood Street profitable?
Marginally. Net profit is $168,292 at 3.3% on total costs of $5,042,707.
What zone applies to this site?
GRZ2 (General Residential Zone 2), which supports medium-density residential development.
What is unusual about the sale price versus land price here?
Land is $1,305,000 and the sale price per townhouse is $1,302,750, almost exactly the same. This tight ratio compresses the development margin to 3.3%.
What is the total revenue and how is it calculated?
Four townhouses at $1,302,750 each produce $5,211,000 in total revenue.
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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).