12 Dumosa Avenue, CROYDON VIC 3136
Development Feasibility Analysis in Croydon, VIC
NRZ3 zoning on this 846 sqm Croydon site restricts development to a duplex, and the result is a severe loss of $903,054 at -37.0%. Two dwellings at $769,500 each generate $1,539,000 in revenue against total costs of $2,442,054. Land at $708,000 represents 46% of total costs, making the two-dwelling format deeply unprofitable.
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Frequently Asked Questions
Is the duplex at 12 Dumosa Avenue financially viable?
No. Net loss is $903,054 at -37.0% margin, the worst result of the three Croydon sites in this analysis.
Why is the margin so much worse than the apartment sites in Croydon?
NRZ3 limits the site to two dwellings at $769,500 each, generating only $1,539,000. The apartment sites generate $5.1 million from nine units. The duplex revenue cannot recover comparable land and construction costs.
What zone applies to this site?
NRZ3 (Neighbourhood Residential Zone 3), which restricts development to two dwellings on most residential lots.
What is the sale price per dwelling and how is it benchmarked?
$769,500 per dwelling in Croydon. Two dwellings produce $1,539,000, well below the $2,442,054 total project cost.
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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).