49 Hudson Street, COBURG VIC 3058
Development Feasibility Analysis in Coburg, VIC
The fourth NRZ1 duplex site assessed in Coburg, this 395 sqm property produces a loss of $479,946 at -18.4%. Revenue of $2,124,000 falls $479,946 short of total costs of $2,603,946. The consistent pattern across all four Coburg NRZ1 sites confirms that 395 sqm lots at $942,000 land value are not viable for duplex development.
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Frequently Asked Questions
Is the duplex at 49 Hudson Street viable?
No. Net loss is $479,946 at -18.4% margin. This is identical to three other Coburg NRZ1 sites in this dataset.
What is the consistent problem across all four Coburg NRZ1 duplex sites?
Land at $942,000 for 395 sqm sites in NRZ1. With only two dwellings permitted at $1,062,000 each, revenue of $2,124,000 cannot recover total project costs of $2,603,946.
What zone applies here?
NRZ1. This restricts development to two dwellings per lot.
What would a viable development look like in Coburg?
A larger site with GRZ or RGZ zoning that permits three or more dwellings at the $1,062,000 to $1,180,000 sale value range would improve feasibility materially.
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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).