27 Jacaranda Avenue, CHELTENHAM VIC 3192
Development Feasibility Analysis in Cheltenham, VIC
NRZ7 zoning on this 526 sqm Cheltenham site restricts development to a duplex and produces a loss. Total costs of $2,505,861 exceed revenue of $2,097,000 by $408,861, a margin of -16.3%. Land at $702,000 and the two-dwelling revenue cap are the consistent barriers to duplex viability in this suburb.
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Frequently Asked Questions
Is the duplex at 27 Jacaranda Avenue financially viable?
No. Net loss is $408,861 at -16.3% margin on total costs of $2,505,861.
What zone applies and how does it restrict yield?
NRZ7 limits this site to two dwellings. At $1,048,500 per dwelling, maximum revenue is $2,097,000.
How does the land cost compare to other Cheltenham duplex sites?
Land here is $702,000, slightly higher than the $696,000 at 2 Mena Avenue and 30 Brampton Street. The $6,000 difference accounts for the marginally deeper loss.
Are any Cheltenham sites in this analysis profitable?
Yes. The 3-townhouse ACZ1 project at 157 Park Road returns a 6.2% margin. Duplex projects in NRZ7 and TRZ2 zones consistently lose money.
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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).