101/157 Park Road, CHELTENHAM VIC 3192
Development Feasibility Analysis in Cheltenham, VIC
ACZ1 zoning on this 590 sqm Cheltenham site supports three townhouses at a marginal 6.2% return. Revenue of $3,145,500 exceeds costs of $2,962,054, producing a net profit of $183,445. Land at $757,250 is higher than the unprofitable NRZ7 sites in this suburb, but the three-dwelling yield under ACZ1 makes the project marginally workable.
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Frequently Asked Questions
Is the 3-townhouse project at 157 Park Road viable?
Marginally. Net profit is $183,445 at 6.2% margin on total costs of $2,962,054.
What zone applies here and how does it differ from NRZ7?
ACZ1 (Activity Centre Zone 1) permits higher density than NRZ7, enabling three townhouses on a 590 sqm site.
What sale price per dwelling is assumed?
$1,048,500 per townhouse. Three dwellings generate $3,145,500 in total revenue.
Why does this site work when NRZ7 sites in Cheltenham do not?
ACZ1 allows three dwellings. The extra dwelling adds $1,048,500 in revenue while only modestly increasing construction costs.
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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).