28 Vincent Street, COBURG VIC 3058
Development Feasibility Analysis in Coburg, VIC
NRZ1 zoning on this 395 sqm Coburg site produces the same result as 67 Phillips Street: a loss of $479,946 at -18.4%. Total costs of $2,603,946 exceed revenue of $2,124,000, driven by land at $942,000 against a two-dwelling revenue cap. The small site and NRZ1 restrictions make duplex development unprofitable at current Coburg values.
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Frequently Asked Questions
Is the duplex at 28 Vincent Street viable?
No. Net loss is $479,946 at -18.4% margin, identical to 67 Phillips Street in the same suburb.
Why is the result the same as 67 Phillips Street?
Both sites are 395 sqm in NRZ1 with land priced at $942,000. The inputs are identical, so the outputs are the same.
What are the sale price assumptions?
$1,062,000 per dwelling. Two dwellings produce $2,124,000. This uses Coburg's $1,180,000 median house at 90%.
What zone applies?
NRZ1. Development is capped at two dwellings per lot.
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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).