24 Gladys Grove, CROYDON VIC 3136
Development Feasibility Analysis in Croydon, VIC
GRZ1 zoning on this 1,236 sqm Croydon site supports a 9-apartment project, but the result is unprofitable. Total costs of $5,802,319 exceed revenue of $5,108,409 by $693,910, a margin of -12.0%. Nine apartments at $567,601 each reflect local unit values that fall short of the cost threshold for apartment construction in this suburb.
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Frequently Asked Questions
Is the 9-apartment project at 24 Gladys Grove viable?
No. Net loss is $693,910 at -12.0% margin on total costs of $5,802,319.
What zone applies to this Croydon site?
GRZ1 (General Residential Zone 1), which permits apartment development on larger lots.
What is the per-apartment sale price assumed?
$567,601 per apartment. Nine dwellings produce $5,108,409 in total revenue.
What is the land price and total cost breakdown?
Land is $714,000 for 1,236 sqm. Total project costs including construction for nine apartments are $5,802,319.
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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).