11 Portland Street, COBURG VIC 3058
Development Feasibility Analysis in Coburg, VIC
NRZ1 zoning on this 395 sqm Coburg site again produces a duplex loss of $479,946 at -18.4%. Total costs of $2,603,946 exceed revenue of $2,124,000. This is the third identical result in Coburg, reflecting that 395 sqm NRZ1 sites at $942,000 land value cannot support duplex development at current sale prices.
Loading interactive analysis...
Frequently Asked Questions
Is the duplex at 11 Portland Street financially viable?
No. Net loss is $479,946 at -18.4% margin, consistent with all three Coburg NRZ1 duplex sites in this analysis.
What drives the consistent losses across these Coburg sites?
All three sites are 395 sqm, NRZ1, with land at $942,000. The cost structure is fixed and the two-dwelling revenue cap of $2,124,000 is insufficient.
What sale price per dwelling is assumed?
$1,062,000 per dwelling. Two dwellings generate $2,124,000 in revenue.
What zone applies and what does it permit?
NRZ1 (Neighbourhood Residential Zone 1). Two dwellings maximum on most lots.
More Reports in Coburg
Nearby Suburbs
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).