5 Cherry Tree Grove, CROYDON VIC 3136
Development Feasibility Analysis in Croydon, VIC
A 9-apartment GRZ1 project on 863 sqm in Croydon, this site produces a loss of $816,463 at -13.8%. Total costs of $5,924,872 exceed revenue of $5,108,409. Higher land at $828,000 versus $714,000 at nearby Gladys Grove widens the loss by $122,553, confirming that land price is the marginal factor between projects with identical sale price assumptions.
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Frequently Asked Questions
Is the 9-apartment project at 5 Cherry Tree Grove viable?
No. Net loss is $816,463 at -13.8% margin on total costs of $5,924,872.
How does this compare to 24 Gladys Grove?
Both are 9-apartment GRZ1 projects with $567,601 per unit. Land at Cherry Tree Grove is $828,000 versus $714,000 at Gladys Grove, producing a deeper loss of $816,463 versus $693,910.
What zone applies?
GRZ1, which permits apartment development. The zone is the same as 24 Gladys Grove.
What total revenue is generated by 9 apartments?
Nine apartments at $567,601 each produce $5,108,409 in total revenue.
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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).