30 Brampton Street, CHELTENHAM VIC 3192
Development Feasibility Analysis in Cheltenham, VIC
TRZ2 zoning on this 546 sqm Cheltenham site still produces an unprofitable duplex result. Two dwellings at $1,048,500 each generate $2,097,000 in revenue, but total costs of $2,499,411 produce a loss of $402,411 at -16.1%. The result is identical to the NRZ7 duplex sites in the suburb, indicating the zone is less relevant than the low sale value relative to land cost.
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Frequently Asked Questions
Is the duplex at 30 Brampton Street viable?
No. Net loss is $402,411 at -16.1% margin, the same result as the NRZ7 duplex sites in Cheltenham.
Why does TRZ2 zoning not improve the result?
The analysis uses a duplex format. TRZ2 could support more dwellings on a larger site, but at 546 sqm and two dwellings, the revenue cap is $2,097,000.
What is the land price and sale price assumed?
Land is $696,000 and each dwelling is valued at $1,048,500. Total revenue of $2,097,000 does not cover costs of $2,499,411.
What zone is this and what does it normally allow?
TRZ2 (Township Residential Zone 2) supports medium-density development. A 3-townhouse format on a larger site may be viable in this zone.
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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).